complete part a and d

Steve owns real estate (adjusted basis of $12,000 and fair market value of $15,000 ), which he uses in his business. Steve sells the real estate for $15,000 to Aubry (a dealer) and then purchases a new parcel of land for $15,000 from Joan (also a dealer). The new parcel of land qualifies as like-kind property. a. What are Steve's realized and recognized gain on the sale of the land he sold to Aubry? On the sale of real estate, Steve's realized gain is $ and recognized gain is b. Steve's basis for the land he purchased from Joan is $ c. Indicate whether the following statements are "True" or "False" regarding what would motivate Steve to sell his land to Aubry and purchase the land from Joan rather than exchange one parcel of land for the other. d. Assume the facts in part (a) except the adjusted basis of Steve's original parcel of land is $15,000 and the fair marlet value of both parcels of land is $12,000. What are Steve's realized and recognized gain or loss on the sale of real estate? Steve has a realized of $ and a recognized of $ avoid $1031 treatment. because Steve What is Steve's basis for the land Steve acquires from Joan