Business, 19.12.2019 01:31 pitmmaKaos5499
Tab exchanges real estate used in his business along with stock for real estate to be held for investment. the stock transferred has an adjusted basis of $45,000 and a fair market value of $50,000. the real estate transferred has an adjusted basis of $85,000 and a fair market value of $190,000. the real estate acquired has a fair market value of $240,000.
tab's realized gain is ?
his recognized gain is ?
the basis of the newly acquired real estate is ?
Answers: 1
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