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Bushra owns land with an adjusted basis of $915,000, subject to a mortgage of $525,000. On May 2nd, Bushra sells her land subject to the

Bushra owns land with an adjusted basis of $915,000, subject to a mortgage of $525,000. On May 2nd, Bushra sells her land subject to the mortgage for $975,000 in cash, a note for $900,000 and property with a fair market value of $180,000. What is the amount realized? a. $2,730,000 b. $1,875,000 c. $2,055,000 d. $2,580,000 e. None of the choices presented are correct

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