What is the basis of the new property in each of the following exchanges? a. Apartment building

Question:

What is the basis of the new property in each of the following exchanges?
a. Apartment building held for investment (adjusted basis of $145,000) for office building to be held for investment (fair market value of $225,000).
b. Land and building used as a barbershop (adjusted basis of $190,000) for land and building used as a grocery store (fair market value of $350,000).
c. Office building (adjusted basis of $45,000) for bulldozer (fair market value of $42,000), both held for business use.
d. IBM (adjusted basis of $20,000) for ExxonMobil (fair market value of $28,000).
e. Rental house (adjusted basis of $90,000) for mountain cabin to be held for personal use (fair market value of $225,000).
f. General interest (adjusted basis of $400,000) for a limited interest (fair market value of $580,000).
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...