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Business, 02.12.2021 21:50 unicornsrule26

Risa exchanges an office building with a $600,000 adjusted basis for an apartment building with a $1,000,000 FMV and $200,000 of marketable securities. The other party indicates he had paid $175,000 for the securities a year earlier. What is Risa's basis for the securities

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Risa exchanges an office building with a $600,000 adjusted basis for an apartment building with a $1...
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