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generally the basis of property receivedin a fully nontaxable exchance is? The fair market of property given up. the fair market value of the property

generally the basis of property receivedin a fully nontaxable exchance is?

The fair market of property given up.

the fair market value of the property received.

The adjusted basis of the property given up.

the greater of the fair market value or the adjusted basis of the property given up.

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