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Emily's warehouse (adjusted basis of 5450,000 ) is destroyed by a hurricane in October 2022. Emily, a calendar year taxpayer, receives insurance proceeds of $525,000

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Emily's warehouse (adjusted basis of 5450,000 ) is destroyed by a hurricane in October 2022. Emily, a calendar year taxpayer, receives insurance proceeds of $525,000 in January 2023. Calculate Emily's realized gain or loss, recognized gain or loss, and basis for the replacement property under each of the following conditions. If an amount is zero, enter "0". a. She acquires a new warehouse for $550,000 in January 2023. The realized The recognized is 5 Emily's basis for the replacement warehouse building is 1 b. She acquires a new warehouse for $500,000 in January 2023. The realized The recognized is 5 Emily's basis for the replacement office building is ? c. Assume she does not acquire replacement property. The realized The recognized is 5 Emily's warehouse (adjusted basis of $450,000 ) is destroyed by a hurricane in October 2022. Emily, a catendar year taxpayer, recelves insurance proceeds of $525,000 in January 2023. Calculate Emily's realized gain or loss, recognized gain or loss, and basis for the replacement property under each of the following conditions. If an amount is zero, enter " 0 ". a. She acquires a new warehouse for $550,000 in January 2023. The realized is $ The recogniz is ? Emily's basis arehouse building is $ b. She acquires a new warehouse for $500,000 in January 2023. The realized is $ The recognized Emily's basis for the replacement office building is 5 c. Assume she does not acquire replacement property. The realized is \$ The recognized

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