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Can you explain step by step? I'm confused between $500,000 and $570,000 reinvested $570,000 in a new apartment complex. What is the basis of the

Can you explain step by step? I'm confused between $500,000 and $570,000

reinvested $570,000 in a new apartment complex. What is the basis of the new complex if non-recognition of gain from an involuntary conversion is elected? Multiple Choice $570,000. $500,000. $625,000. $695,000

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