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Henrietta exchanged real property held for investment with a basis of $100,000 and a fair market value of $125,000 for other real property with a

Henrietta exchanged real property held for investment with a basis of $100,000 and a fair market value of $125,000 for other real property with a fair market value of $160,000 owned by Harry that Henrietta planned to hold for investment. She also transferred to Harry 100 shares of Piano, Inc. stock worth $25,000 with an adjusted basis of $15,000. Harrys basis in his property was $200,000. How much is Henriettas realized gain and her recognized gain? a. Realized gain: $10,000; Recognized gain: $10,000 b. Realized gain: $10,000; Recognized gain: $0 c. Realized gain: $45,000; Recognized gain: $10,000 d. Realized gain: $45,000; Recognized gain: $0

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