Amount Realized Adjusted Basis Amount Reinvested Recognized Gain (Loss) Basis of Replacement Property

$60,000 $50,000 $55,000

$80,000 $60,000 $80,000

$100,000 $85,000 $80,000

$80,000 $90,000 $70,000

$60,000 $70,000 $75,000

Fill in the blanks. Assume the transactions in each row are involuntary conversions in which the taxpayer elects to defer gain. Also, assume the cash is invested in qualifying replacement property. Each row represents an independent scenario. Show work