Bart has a realized gain of 200000 determined as follows Amount received on the exchange Real estate worth900000 Cash 1000001000000 Amount given up on the exchange Basis of real estate 800000 Realized gain 200000 Barts recognized gain is limited to the lesser of realized gain of 200000 or the other property boot received of 100000 Thus the recognized gain is 100000 the amount of cash boot received by Bart 1031 Example 3 and Footnotes 18 and 19 bRoland has a realized loss of 300000 determined as

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Bartexchanges somerealestatebasisof800000andfair market valueof1 million for other b WhatisRolandsrealizedlossRecognizedloss c Support your results in aandb underthewherewithaltopay conceptasappliedto... View the full answer