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Business, 08.12.2020 14:00 heyItsLuna234

Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental house at the mountains with a fair market value of $180,000 and cash of $20,000. What is the recognized gain or loss? a.$0 b.$20,000 c.($25,000) d.($20,000)

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