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Cynthia owns Rental Property Y (FMV = $300,000, AB = $250,000). Cynthia exchanges Rental Property Y with Dan for Rental Property Z (FMV = $200,000;

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Cynthia owns Rental Property Y (FMV = $300,000, AB = $250,000). Cynthia exchanges Rental Property Y with Dan for Rental Property Z (FMV = $200,000; AB = $400,000) and $100,000 cash. What is Cynthia's recognized gain or loss on the exchange? Question 25 0.2 pts 10 lule 7 Problem Set What is Cynthia's basis in Rental Property Z

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