amy owns a n office building in new york with an adjusted basis of 500,000 and fair market value of 1,000,000. Amy exchanges this office building for a condo in Los Angeles which will be rented to tenants, plus GM stock worth 10,000 which she will receive. The condo has a fair market value of 990,000.

a. Amy has a realized gain (loss) of?

b. Amy has a RECOGNIZED gain (loss) of?

c. Amys adjusted basis in the GM stock is?

d, Amys adjusted basis in the condo is?

e, Amys holding period in the stock includes Amys holding period in the office building? True/false

f. Amys holding period in the condo includes Amys holding period in the office building ? True/false