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Greg Grotto exchanged an eight-unit apartment building for afour-unit apartment building. His adjusted basis for the eight-unitbuilding was $320,000 and the fair market value was

Greg Grotto exchanged an eight-unit apartment building for afour-unit apartment building. His adjusted basis for the eight-unitbuilding was $320,000 and the fair market value was $400,000. Thefair 2 answers

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