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In an exchange, Julio gave up his business-use real property (FMV $95000, adjusted basis $45000) for smaller piece of business use real property FMV $80000

In an exchange, Julio gave up his business-use real property (FMV $95000, adjusted basis $45000) for smaller piece of business use real property FMV $80000 and $15000 cash. What is gain realized and recognized on exchange? A. $15000; $0 B. $50,000;$0 C. $50,000; $15000 D. $50,000;$50,000

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