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Bobble exchanges farmland (adjusted basis $160,000) for other farmland that has a FMV of $140,000. Bobbie also receives $30,000 cash. Bobbie's basis in the new
Bobble exchanges farmland (adjusted basis $160,000) for other farmland that has a FMV of $140,000. Bobbie also receives $30,000 cash. Bobbie's basis in the new farmland is O A $130.000 OB. $170,000 OC. $140,000 OD. $160,000
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Management Audits
Authors: Allan J. Sayle
3rd Edition
0951173901, 978-0951173909
