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In January 2022, Keystone Trucking Company exchanged land that cost $36,000 for different land having a fair market value of $82,000. In connection with the

In January 2022, Keystone Trucking Company exchanged land that cost $36,000 for different land having a fair market value of $82,000. In connection with the exchange, Keystone paid $40,000 in cash. What is the tax basis of the new land?

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