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Business, 29.05.2021 20:30 flowergirly34

Marsha exchanged land held for investment in Florida with an FMV of $52,700 and an adjusted basis of $60,000 for land held for investment in Iowa with an FMV of $57,700. Marsha also paid $5,000 cash in the transaction. What is Marsha's basis in the land received

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Marsha exchanged land held for investment in Florida with an FMV of $52,700 and an adjusted basis of...
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