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21. Like-Kind Exchange. (Obj. 4) Dottie exchanges investment real estate for other investment real estate. The following facts relate to the exchange. Adjusted basis of

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21. Like-Kind Exchange. (Obj. 4) Dottie exchanges investment real estate for other investment real estate. The following facts relate to the exchange. Adjusted basis of old property $ 75,000 FMV of new property 100,000 Cash received by Dottie 10,000 Mortgage on old property assumed by other party 30,000 a. Compute Dottie's realized and recognized gain. ano letala grignidad b. Compute Dottie's basis in the new property. dhe

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