1. AaB Problem i Sques ponts - 25 points Mes single s her incipal residence in New Hampshire (Adjusted basis is 500.000. She has been living in this house for the past 5 years on May 1, 2020 a food completely destroyed her principal residence and she received $900,000 from her insurance company to build or replace the home. Mrs. decides to build replacement home 1. What is the realized gain? 2 What is the excess gain 3. How much needs to be reinvested in order to exclude the excess gain? 4. How much gain must she recognize if she invests only 5600,000 in the new principal residence How much gain mist she recognize if she investeny SIS in the principal resident Problem questions 5 points - 40 points Tom and Jerry create a partnership are equal partners Tom brings a piece of equipment to create the presin Fair Market Value of the came is $600.000. Adjusted basis is $300.000 and the cauitment has a keen of e here to sth Oem 4 SONG WENNUUOLOUR ODNO UVUDU DOONMODUL 1. AaB Problem i Sques ponts - 25 points Mes single s her incipal residence in New Hampshire (Adjusted basis is 500.000. She has been living in this house for the past 5 years on May 1, 2020 a food completely destroyed her principal residence and she received $900,000 from her insurance company to build or replace the home. Mrs. decides to build replacement home 1. What is the realized gain? 2 What is the excess gain 3. How much needs to be reinvested in order to exclude the excess gain? 4. How much gain must she recognize if she invests only 5600,000 in the new principal residence How much gain mist she recognize if she investeny SIS in the principal resident Problem questions 5 points - 40 points Tom and Jerry create a partnership are equal partners Tom brings a piece of equipment to create the presin Fair Market Value of the came is $600.000. Adjusted basis is $300.000 and the cauitment has a keen of e here to sth Oem 4 SONG WENNUUOLOUR ODNO UVUDU DOONMODUL