Mary exchanges an apartment building (with an adjusted basis of $47,000 and FMV of $90,000)...
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Mary exchanges an apartment building (with an adjusted basis of $47,000 and FMV of $90,000) and boot (Blue, Inc. stock with an adjusted basis of 47,000 and a FMV of $5,000) and receives a rental house with a FMV of $95,000 in alike-kind exchange. FMV (fair market value)
What is the realized gain or loss on the Green Stock?
What is the recognized gain or loss on the Green Stock?
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