Explain please

36. Steve exchanges farmland (adjusted basis $160,000) for other farmland 5140,000. Steve also receives $30,000 cash. Steve's basis in the new fa A) $130,000. B) $140,000. C) $160,000. D) $170,000. that has a FMV of rmland is exchanges 37. Krishna owns a parcel of land she acquired on June 1, 2012, as an investment. She the land on July 5, 2018, for a storage building to be used in her business and marketable securities to be held as an investment. On what date does the storage building's holding period begin? A) June 1, 2012 B) June 2, 2012 C) July 5, 2018 D) July 6, 2018 38. Bojing owns a parcel of land she acquired on June 1, 2012, as an investment. the land on July 5, 201 securities to be held as an investment. The marketable securities' holding period begins on A) June 1, 2012 B) June 2, 2012 C) July 5, 2018 D) July 6, 2018 8, for a storage building to be used in his business and marketable