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Harold and Tom exchange land in a like - kind exchange. Harold receives land with a fair market value of $ 5 0 , 0

 Harold and Tom exchange land in a like-kind exchange. Harold receives land with a fair market value of $50,000 and transfers land worth $43,000(adjusted basis of $45,000) and cash of $1,000. How much of Harolds realized gain is recognized? 
 

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