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Amy entered into a section 1031 exchange with David, given the following infomation for Amy, what is the maximum amount of gain that Amy would

Amy entered into a section 1031 exchange with David, given the following infomation for Amy, what is the maximum amount of gain that Amy would recognize?

Cash received by Amy $50,000

Debt assumed by David $60,000

Debt assumed by Amy $90,000

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