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all 4 please M R lor follow up Question 62 of 75. James, who lives in Texas, is searching for like kind replacement property for
all 4 please
M R lor follow up Question 62 of 75. James, who lives in Texas, is searching for like kind replacement property for his investment use unimproved land. Each of the following is qualified like kind property EXCEPT: O An office building located in California 200 acres of farm land located in lowa. An apartment building located in Oklahoma O A 25-year lease of unimproved land in Texas. Mark for follow up Question 63 of 75. Boot is: Not a factor in determining basis of property received in an exchange. Cash paid in an exchange. Cash or unlike property paid or received in an exchange Unlike property paid in an exchange. Mark for follow up Question 64 of 75. Patrick Ho's investment property was condemned. He purchased the property for $210,000. He received a net award of $250,000, and purchased a replacement property for $301,000. What is the amount of gain recognized after the replacement property is purchased? O O $0 $40.000 $51,000 $91,000 Mark for follow up Question 65 of 75. If a taxpayer has recognized gain on an exchange of like-kind property held for investment use, where is the gain reported? First on Schedule D. then carried to Form 8824 O First on Form 8824, then carried to Schedule D. First on Form 4797, then carried to Form 8824. First on Form 8824, then carried to Form 4797 Mark for follow upStep by Step Solution
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