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Brian exchanges an office building used in his business for another office building worth $250,000 plus $30,000 cash. The FMV of Brian's old building is

Brian exchanges an office building used in his business for another office building worth $250,000 plus $30,000 cash. The FMV of Brian's old building is $280,000 (basis $150,000).

a. What is the amount of gain realized by Brian?

b. What is the amount of gain recognized by Brian?

c. What is the basis of the new building to Brian?

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