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Mrrafil [7]
3 years ago
15

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)
Business
1 answer:
KengaRu [80]3 years ago
4 0

Answer:

B

Explanation:

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Answer and Explanation:

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