A$.$ Jan owtas a smalt affice eamplex in Gilbert. She wishes to get but of the office trate and mowe into residential properties. Sho bocomes aware of a sultable two unit apartment building in Surprise owned by Dean. Jon and Dean negotikte and agren to ewchange the two properties. The following information is provided:

$\backslash$table$[[,$Jan,Dean$],[$FMV of Building.,$$920,000,$$$675,000],[$Adjusted Basia,$540,000,515,000],[$Outstanding Mortgage,$220,000,\backslash$table$[[0-],[25,000]]],[$Cash Payment,$0-,]]$

Dean agrees that he will assume Jan's mortgage debt as part of the transaction.

Questions:

What is the amount realized for each party to the exchange?

What is Jan's and Dean's realized gain$/$loss on this exchange, respectively?

What is Jan's and Dean's tecagnized gain$/$koss on this exchange, respectively?

Compute the tax basis in the acquired property for each party.

B$.$ Assume Dean used $100$ shares of Bigco stock he has owned for the past three years instead of the cash boot. Do your answers to the above questions change? Assume he paid $$18,500$ for the stock and its current FMV is $$25,000.$