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Yael Exchanges an Office Building Worth $150,000 for Investment Land

Question 115

Multiple Choice

Yael exchanges an office building worth $150,000 for investment land worth $175,000.He also provided stock worth $25,000.Yael's adjusted basis in the building and stock is $180,000 and $11,000,respectively.How much gain or loss will Yael recognize on the exchange?


A) $0
B) ($30,000)
C) ($16,000)
D) $14,000

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