Exercise 13-35 (Algorithmic) (LO. 6, 9) Andrew owns land (adjusted basis of $132,100) that he uses in his business. He exchanges the land and $66,050 in cash for a different parcel of land worth $158,520. a. Andrew has a realized loss of $ b. Can Andrew avoid like-kind exchange treatment and recognize his realized loss? , because the $1031 like-kind exchange provision loss. Therefore, Andrew