Business, 12.12.2019 06:31 dnicole43

Viktor exchanges stock (adjusted basis $19,000, fmv $26,800) and real estate (adjusted basis $19,000, fmv $46,000) held for investment for other real estate to be held for investment. the real estate acquired in the exchange has an fmv of $70,200. what are viktor’s realized and recognized gain or loss? what is the basis of the acquired real estate?

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Viktor exchanges stock (adjusted basis $19,000, fmv $26,800) and real estate (adjusted basis $19,000...

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