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Author Question: Marinda exchanges an office building worth $800,000 (basis is $820,000) for a warehouse worth ... (Read 130 times)

ec501234

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on: Sep 13, 2020
Marinda exchanges an office building worth $800,000 (basis is $820,000) for a warehouse worth $850,000.  A part of the exchange she also transfers $50,000 worth of securities which she purchased for $40,000.  
a.  What are Marinda's realized and recognized gains (losses) on the two assets exchanged?
b.  What is Marinda's basis in the warehouse acquired?
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Marked as best answer by ec501234 on Sep 13, 2020

abctaiwan

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ec501234

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

kalskdjl1212

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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