Question: Molly exchanges a rental building, which has an adjusted basis of $525,000, and FMV of $765,000 for another rental house which has a fair

Molly exchanges a rental building, which has an adjusted basis of $525,000,

Molly exchanges a rental building, which has an adjusted basis of $525,000, and FMV of $765,000 for another rental house which has a fair market value of $680,000. She also receives $85,000 in cash. Determine her basis for the rental house she exchanges.

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