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Company B and Firm W exchanged the following business real estate: Blackacre Whiteacre (exchanged (exchanged by W) 575,000 FMV Mortgage Equity by B) 426,000 -(106,500)

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Company B and Firm W exchanged the following business real estate: Blackacre Whiteacre (exchanged (exchanged by W) 575,000 FMV Mortgage Equity by B) 426,000 -(106,500) $ 319,500 (255,500) $319,see a. If B's adjusted basis in Blackacre was $255,600, compute B's realized gain, recognized gain, and basis in Whiteacre. b. If W's adjusted basis in Whiteacre was $115,000, compute W's realized gain, recognized gain, and basis in Blackacre. Complete this question by entering your answers in the tabs below. Required A Required B If B's adjusted basis in Blackacre was $255,600, compute B's realized gain, recognized gain, and basis in Whiteacre Realized gain Recognized gain Basis Company B and Firm W exchanged the following business real estate: Blackacre Whiteacre (exchanged (exchanged by B) $ 426,000 % 575,000 by W) FMV Mortgage Equity 500) (255,se0) s 319,500 319,see a. If B's adjusted basis in Blackacre was $255,600, compute B's realized gain, recognized gain, and basis in Whiteacre. b. If W's adjusted basis in Whiteacre was $115,000, compute W's realized gain, recognized gain, and basis in Blackacre. Complete this question by entering your answers in the tabs below. Required A Required B If W's adjusted basis in Whiteacre was $115,000, compute W's realized gain, recognized gain, and basis in Blackacre. Realized gain Recognized gain Basis Required A Required

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