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regulation > audit0119 > Flashcards

audit0119 Flashcards

1
Q

Like kind exchange. Old property: AB 15k. FMV 30k. New property: AB 20k FMV 25k. Cash received 5k

A

New property basis 1) 15k. 2) new property basis 15k recognized gain 5k lessor of boot vs gain realized

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regulation (16 decks)

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