Question: I need help with this. Viktor exchanges stock (adjusted basis $23,000, FMV $34,000) and real estate (adjusted basis $23,000, FMV $54,000) held for investment for

I need help with this. Viktor exchanges stock (adjusted basis $23,000, FMV I need help with this.

Viktor exchanges stock (adjusted basis $23,000, FMV $34,000) and real estate (adjusted basis $23,000, FMV $54,000) held for investment for other real estate to be held for investment. The real estate acquired in the exchange has an FMV of $83,000. a. What are Viktor's realized and recognized gain or loss? b. What is the basis of the acquired real estate? b. Basis of the real estate

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