I have read these two subjects over and over and just can't get a couple things.  I completely understand like kind exchanges until they start throwing liabilities assumed into the mix.  Then I get REALLY confused when both parties give up liabilties AND there is boot included in the transaction.

As far as involunatry conversions, I think I can get a problem right, but it makes so sense to me.

Anyhelp on these two??

Thanks!!