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A like kind exchange takes place on October 27, 2016. C gives D property which is a capital asset purchases on April 9, 2009. D

A like kind exchange takes place on October 27, 2016. C gives D property which is a capital asset purchases on April 9, 2009. D gives C property which is a capital property purchased on March 21, 2010.

C gives D property with

FMV: 200

Basis: 100

D gives C property with

FMV: 170

Basis: 70

Cash: 30

Whatt is C and D's realized gain?

What is C and D's recognized gain?

What is C and D's basis in the property received?

When does C and D's holding period begin?

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