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(Solution) - Viktor exchanges stock adjusted basis 18 000 FMV 25 000 and real

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Viktor exchanges stock (adjusted basis $18,000, FMV $25,000) and real estate (adjusted basis $18,000, FMV $44,000) held for investment for other real estate to be held for investment. The real estate acquired in the exchange has a FMV of $67,000.
a. What are Viktor?s realized and recognized gain or loss?
b. What is the basis of the acquired real estate?

 







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This question was answered on: Jul 11, 2017

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