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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.

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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 Munster's basis in the land received? b) What is Munster's holding period in the land received? c) Is Munster's basis carryover basis or substituted basis? d) Is Munster's holding period carryover or tacked holding period? 20. What is Swiss's basis and holding period in the land he receives in the prior question, and is it carryover or substituted basis, and carry over or tacked holding period

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