Assume the transactions in each row are involuntary conversions in which the taxpayer elects to defer gain (if applicable). Assume the cash is invested in qualifying replacement property.

Fill in the blanks. Assume the transactions in each row are involuntary conversions in which the taxpayer elects to defer gain (if applicable). Also, assume the cash is invested in quatifying replacement property. Each row represents an independent scenario. To receive credit. you must show all your work