Business, 20.12.2019 23:31 Ezekielcassese

What are the maximum postponed gain or loss and the basis for the replacement property for the following involuntary conversions? property type of conversion amount realized adjusted basis amount reinvesteda drugstore (business) casualty $160,000 $130,000 $110,000b apartments (investment) condemned 100,000 125,000 175,000c grocery store (business) casualty 400,000 300,000 450,000d residence (personal) casualty 16,000 18,000 17,000e vacant lot (investment) condemned 240,000 160,000 220,000f residence (personal) casualty 20,000 18,000 19,000g residence (personal) condemned 18,000 20,000 26,000h apartments (investment) condemned 150,000 100,000 200,000

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