Question: is this correct? Harry exchanges his parent complex for Haley's farm, and the exchango Guades as a kind exchange Harry's adusted basis for the apartment
Harry exchanges his parent complex for Haley's farm, and the exchango Guades as a kind exchange Harry's adusted basis for the apartment complex is $850,000 and the complex is tot to a $200.000 liability The FMV of Haley's farm is $750,000 and the mis subject to a $150.000 abity. Each artis transderred stject to the ability Requirement What is Hanty's recognized gain and the basis of the new Begin by calculating the realized gain First identify the formula then enter the applicable amounts and locate the realized gain 100,000 The conced 30.000 Now at the basis of the new fam vrstidentity the form the enter the platours and colours of the warm Bof Bons of or changed Booted 30.000 10.000 650.000
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