Question: Viktor exchanges stock ( adjusted basis $ 2 0 , 5 0 0 , FMV $ 2 9 , 5 0 0 ) and real

Viktor exchanges stock (adjusted basis $20,500, FMV $29,500) and real estate (adjusted basis $20,500, FMV $49,000) held for investment for other real estate to be held for investment. The real estate acquired in the exchange has a suggested FMV of $75,000.
Required:
What are Viktor's realized and recognized gain or loss?
. What is the basis of the acquired real estate?.
Viktor exchanges stock (adjusted basis $20,500, FMV $29,500) and real estate

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