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Business, 20.10.2020 18:01 kee387

Dean exchanges a business storage facility with a $120,000 adjusted basis for $40,000 cash and a parking lot with a $140,000 FMV. What is the amount of gain which Dean recognizes on the exchange

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Dean exchanges a business storage facility with a $120,000 adjusted basis for $40,000 cash and a par...
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