demarley4303 demarley4303

08-11-2019
Business

contestada

Maud exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental house at the mountains with a fair market value of $180,000 and cash of $20,000. What is the recognized gain or loss?

Respuesta :

amirmeeka amirmeeka

10-11-2019

Answer:

$0.

Explanation:

It's between fair market value and adjusted basis.

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