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B owns land with an adjusted basis of $610,000 subject to a mortgage of $350,000. On April 1, B sells her land subject to the
B owns land with an adjusted basis of $610,000 subject to a mortgage of $350,000. On April 1, B sells her land subject to the mortgage for $650,000 in cash, a note for $600,000, and property with a fair market value of $120,000. What is the amount realized?
$1,250,000
$1,370,000
$1,720,000
$1,820,000
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