Question

etermine the realized, recognized, and postponed gain or loss, as well as the new basis for...

etermine 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 "0".

Adjusted Basis of
Old Asset
Boot Given		 Fair Market Value
of New Asset
Boot Received
a. $13,000 $0 $18,000 $6,000
b. 26,000 5,000 24,000 0
c. 90,000 22,000 63,000 13,000
d. 5,000 0 11,000 0
e. 38,000 0 49,000 2,000
f. 65,000 0 58,000 0
Business   Accounting   
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