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In a like - kind exchange, Greyland exchanged investment - use real property ( FMV $ 2 1 0 , 0 0 0 , adjusted
In a likekind exchange, Greyland exchanged investmentuse real property FMV $ adjusted basis $ for a smaller piece of investmentuse property FMV $ plus $ They will report a $ gain on the exchange. What is their basis in the replacement property?
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