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Camilo's property, with an adjusted basis of $ 3 6 5 , 2 0 0 , is condemned by the state. Camilo receives property with

Camilo's property, with an adjusted basis of $365,200, is condemned by the state. Camilo receives property with a fair market value of $419,980 as compensation for the property taken.
If an amount is zero, enter "0".
a. What is Camilos realized and recognized gain?
Camilo's realized gain is $fill in the blank 1 and his recognized gain is $fill in the blank 2.
b. What is the basis of the replacement property?
The basis of the replacement property is $fill in the blank 3.

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