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In a $1031 like-kind exchange, Rafael exchanges a business building that originally cost $200,000. On the date of the exchange, the building given up has

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In a $1031 like-kind exchange, Rafael exchanges a business building that originally cost $200,000. On the date of the exchange, the building given up has an adjusted basis of $85,000 and a fair market value of $110,000. Rafael pays $15,000 and recelves a bulding with a fair market value of $125,000 Compute the following. If an amount is zero, enter " 0 ". a. Rafael's realized gain on the exchange is $ b. Rafael's recognized $1031 gain is $ c. Rafael's unrecaptured $1250 gain of

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