Exercise 13-34 (Algorithmic) (LO. 6, 9) Vijay owns land (adjusted basis of $162,000) that he uses in his business. He exchanges the land and $81,000 in cash for a different parcel of land worth $194,400. a. Vijay has a realized loss of $ b. Can Vijay avoid like-kind exchange treatment and recognize his realized loss? because the $1031 like-kind exchange provision loss. Therefore, Vijay the