Multiple Choice
Risa exchanges an office building with a $600,000 adjusted basis for an apartment building with a $1,000,000 FMV and $200,000 of marketable securities.What is Risa's basis for the apartment building?
A) $600,000
B) $800,000
C) $1,000,000
D) $400,000
Correct Answer:
Verified
Correct Answer:
Verified
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