Hauswirth Corporation sold (or exchanged) a warehouse in year 0 Hauswirth bought the warehouse several years ago for $95,000, and it has claimed $35,200 of depreciation expense against the building (Loss amounts should be indicated by a minus sign Leave no answer blank Enter zero if applicable Round your final answers to the nearest whole dollar amount ) PLEASE HELP WITH THE ONES THAT ARE WRONG, THANK YOU ) Required a Assuming that Hauswirth receives $71,600 in cash for the warehouse, compute the amount and character of Hauswirths recognized gain or loss on the sale b Assuming that Hauswirth exchanges the warehouse in a like kind exchange for some land with a fair market value of $71,600, compute Hauswirths realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land c Assuming that Hauswirth receives $21,500 in cash in year 0 and a $76,500 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain or loss in year 0 and in year 1 Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below Reg a Reqb Reqc Assuming that Hauswirth receives $71,600 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale $ 11,800 Recognized Gain (Loss) Character of Recognized Gain (Loss) Ordinary Gain (Loss) $1231 gain (loss) IS 11,800 X $ 0 x Assuming that Hauswirth receives $21,500 in cash in year 0 and a $76,500 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1 Amount Character S 98,000 $ 95,000 $ 35,200 $ 59,800 Description Amount Realized Original Basis Accumulated Depreciation Adjusted Basis Gain (Loss) Realized Depreciation Recapture Gain Eligible for Installment Reporting Gross Profit Percentage Installment Gain (Loss) in year 0 Installment Gain (Loss) in year 1 $ 38,200 35,200 X IS Ordinary Income IS 3,000 X 3 06 X $ 658 X Section 1231 gain $ 2,341 X Section 1231 gain

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Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $95,000, and it has claimed $35,200 of

Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $95,000, and it has claimed $35,200 of depreciation expense against the building. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.)

PLEASE HELP WITH THE ONES THAT ARE WRONG, THANK YOU:)

Required:

a. Assuming that Hauswirth receives $71,600 in cash for the warehouse, compute the amount and character of Hauswirths recognized gain or loss on the sale.
b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $71,600, compute Hauswirths realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land.
c. Assuming that Hauswirth receives $21,500 in cash in year 0 and a $76,500 note receivable that is payable in year 1, compute the amount and character of Hauswirths gain or loss in year 0 and in year 1.

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg a Reqb Reqc Assuming that Hauswirth receives $71,600 in cash for the warehouse, compute the amount and character of Hauswirth's recognized gain or loss on the sale. $ 11,800 Recognized Gain/(Loss) Character of Recognized Gain/(Loss): Ordinary Gain/(Loss) $1231 gain (loss) IS 11,800 X $ 0 x Assuming that Hauswirth receives $21,500 in cash in year 0 and a $76,500 note receivable that is payable in year 1, compute the amount and character of Hauswirth's gain or loss in year 0 and in year 1. Amount Character S 98,000 $ 95,000 $ 35,200 $ 59,800 Description Amount Realized Original Basis Accumulated Depreciation Adjusted Basis Gain (Loss) Realized Depreciation Recapture Gain Eligible for Installment Reporting Gross Profit Percentage Installment Gain (Loss) in year 0 Installment Gain (Loss) in year 1 $ 38,200 35,200 X IS Ordinary Income IS 3,000 X 3.06 X % $ 658 X Section 1231 gain $ 2,341 X Section 1231 gain