2. Fosse owns an apartment building which he is considering getting rid of. $400,000 and basis is $175,000. Analyze each independent situation and provide the tax result (including basis). (9 Points) A. He exchanges his building for a new apartment building and cash of $15,000. The new apartment building has FMV of $375,000 and basis of $80,000. B. He exchanges his building and $40,000 for a new apartment building. The new apartment building has FMV of $500,000 and basis of $350,000. C. His building is condemned by the city. He receives $250,000 proceeds from the city considers it a sign from the universe to get out the business and moves to Brazil to pursue his passion for dancing.