2:56 PM Mon Jul 26 - 32% Wednesday 11:22 PM Jerome traded his fully depreciated office building with a fair market value (FMV) of $92.000 in exchange for a business use office condominium with an FMV of $100.000 Jerome also paid the owner of the condominium $8,000 cash as part of the exchange. What is the amount of gain Jerome realized from this exchange, and what is the amo te must recognize and report as taxable income? 50 realized gain: 592.000 recogniregain 58.000 realized gan: 592,000 recognized gain 302.000 realized gains recognized gain $99.000 realized gain 58,000 recognized gain. Mart to follow up Question 24 of 25. When a like kind exchange is considered to be a deferred exchange, the property to be received must be identified in writing within 30 days after the date that the property given up in the exchango is transferred 45 days after the date that the property given up in the exchango is transferred 60 days after the date that the property given up in the exchange is transferred 180 days after the date that the property given up in the exchange is transferred Mark for follow up Question 25 of 25. Miranda's commercial property was condemned by the city government to expand a public park. Which date is the beginning of the threat or imminenion of condemnatier April 3: Miranda notices a survey team from the public paris system in the neighborhood taking measurements and photos April 18, the city council holds a private meeting to discuss park expansion options July 19, the city council holds a televised press conference to announce the park expansion plan November 15: Miranda receives a condemnation award and transfers her property