Question: Bushra owns land with an adjusted basis of $ 9 1 5 , 0 0 0 , subject to a mortgage of $ 5 2
Bushra owns land with an adjusted basis of $ subject to a mortgage of $ On May nd Bushra sells her land subject to the mortgage for $ in cash, a note for $ and property with a fair market value of $ What is the amount realized?
a
$
b
$
c
$
d
$
e
None of the choices presented are correct.
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