Question: Problem 13-76 (b) (10.6) Determine the realized, recognized, and postponed gain or loss, as well as the new basis for each of the following qualified

 Problem 13-76 (b) (10.6) Determine the realized, recognized, and postponed gain

Problem 13-76 (b) (10.6) Determine the realized, recognized, and postponed gain or loss, as well as the new basis for each of the following qualified like-kind exchanges If an amount is zero, enter "O". Adjusted Basis of Old Asset Boot Given Boot Recelved Fair Market Value of New Asset $30,000 6,000 $25,000 $0 $9,000 b. 9,000 1,000 0 c. 18,000 55,000 8,000 d. 72,000 13,000 45,000 19,000 D e OOO 57,000 12,000 1. 120,000 95,000 0 Adjusted Basis of Old Asset Gain/Loss Realized Recognized Postponed New Basis $25,000 $ b. $9,000 C $72,000 $13,000 e. $45,000 1. $120,000 Previous

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