Create an Excel spreadsheet thatby entering the fair market value and basis of property given up and the fair market value of property receivedwill compute (1) boot paid (if any), (2) boot received (if any), (3) realized gain or loss, (4) gain (loss) recognized, (5) gain (loss) deferred, and (6) the basis of like-kind property received. You should have an input area for:

1. FMV of Like Kind Property Given Up
2. Basis of Like Kind Property Given Up
3. FMV of Like Kind Property Received