41. On December 5, 2020, Mixum LLC transfers a property (land, building and personal property) to a qualified intermediary in an attempt to consummate a like-kind exchange. The property is sold by the intermediary to an unrelated party on December 27, 2020, for $10,000,000 proceeds are allocable as follows:

Fair Value Tax Basis

Land $ 4,000,000 $ 2,000,000

Building $12,000,000 $ 8,000,000

Personal Property $ 1,000,000 $ 800,000

Total $17,000,000 $10,800,000

Assume that replacement property is properly identified and exchanged on January 5, 2021 (the property has the following fair market values and Mixum received $1,000,000 in cash on January 15, 2021:

Land $ 3,500,000

Building $ 12,500,000

Personal Property $ 500,000

Total $ 16,000,000

Provide (1) the amount of gain recognized (if any), (2) what year it is recognized, and (3) the tax basis in each of the replacement properties (i.e. land, building and personal property).