A client owns an apartment building with a fair market value of $250,000, an adjusted basis of $175,000, and a mortgage of $150,000 The client exchanges the building and $40,000 cash for a different apartment that has a fair market value of $220,000 The client assumes the $80,000 mortgage on the b...

The client will realize a capital gain of ...

A client owns an apartment building with a fair market value of $250,000, an adjusted basis...

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Taxation For Decision Makers 2017

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A client owns an apartment building with a fair market value of $250,000, an adjusted basis...

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