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Business, 27.12.2020 05:30 kinggonzales5082

Pam exchanges a rental building, which has an adjusted basis of $36,000 and a tractor whose fmv was 25,000 for investment land which has a fair market value of $55,000. Pam basis in the tractor was 32,000. What is Pam’s basis of the investment land?

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Pam exchanges a rental building, which has an adjusted basis of $36,000 and a tractor whose fmv was...
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