Question: Example 6 Boot Received No Liabilities Transferred Facts Joe transfers an apartment building with a FMV of $ 4 0 0 , 0 0 0

Example 6 Boot Received No Liabilities Transferred
Facts
Joe transfers an apartment building with a FMV of $400,000 and a basis of $280,000.
John transfers $50,000 cash and an apartment building with a FMV of $350,000.
Basis in Replacement Property:
Joe transfers an apartment building with a FMV of $400,000 and a basis of $280,000.
John transfers $50,000 cash and an apartment building with a FMV of $350,000.
Example 6 Boot Received No Liabilities Transferred Facts Joe transfers an

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