19. Munster trades land held for 3 years, worth $25,000 in which she has a basis of $18,000. She receives from Swiss land worth $25,000. Swiss had a basis of $2,000, and a holding period of 8 years in the land he gave up?

a) What is Munsters basis in the land received?

b) What is Munsters holding period in the land received?

c) Is Munsters basis carryover basis or substituted basis?

d) Is Munsters holding period carryover or tacked holding period?