Include explanation for each question. If you can only pick one please pick #11

Wind 15 maximum cost recovery deduction for these purchases for 2021 (assume the taxable income limitation does not apply? 9. Shirley sold her personal residence to Mike for $400,000. Before the sale, she paid the real estate taxes of $7,030 for the calendar year. For income tax purposes, the deduction is apportioned as follows: $4,000 to Shirley and $3,030 to Mike. a. What is Mike's basis in the residence? b. What is Shirley's amount realized from the sale of the residence? c. What amount of real estate taxes can Mike deduct? d. What amount of real estate taxes can Shirley deduct? 10. Mitch owns 1,000 shares of Oriole Corporation common stock (adjusted basis of $15,000). On April 27, 2021, he sells 400 of these shares for $5,200, while on May 5, 2021, he purchases 300 shares of Oriole Corporation for $3,600. a. What is Mitch's recognized gain or loss resulting from these transactions? b. What is Mitch's basis for the stock acquired on May 5, 2021? c. Could Mitch have obtained different tax consequences in a. and b. if he had sold the 400 shares on December 27, 2021, and purchased the 300 shares on January 5, 2022? 11. Julio exchanges land used in his business for a different parcel of land to be used in his business. His adjusted basis for the land is $325,000, the fair market value is $310,000. The fair market value of the new parcel of land is $300,000. In addition, Julio receives cash of $10,000. Calculate Julio's realized and recognized gain or loss and his adjusted basis for the assets received 12. Lucinda, a calendar year taxpayer owned 9. Shirley sold her personal residence to Mike for $400,000. Before the sale, she paid the real estate taxes of $7,030 for the calendar year. For income tax purposes, the deduction is apportioned as follows: $4,000 to Shirley and $3,030 to Mike. a. What is Mike's basis in the residence? b. What is Shirley's amount realized from the sale of the residence? c. What amount of real estate taxes can Mike deduct? d. What amount of real estate taxes can Shirley deduct?! 10. Mitch owns 1,000 shares of Oriole Corporation common stock (adjusted basis of $15,000). On April 27, 2021, he sells 400 of these shares for $5,200, while on May 5, 2021, he purchases 300 shares of Oriole Corporation for $3,600. a. What is Mitch's recognized gain or loss resulting from these transactions? b. What is Mitch's basis for the stock acquired on May 5, 2021? c. Could Mitch have obtained different tax consequences in a. and b. if he had sold the 400 shares on December 27, 2021, and purchased the 300 shares on January 5, 2022? 11. Julio exchanges land used in his business for a different parcel of land to be used in his business. His adjusted basis for the land is $325,000; the fair market value is $310,000. The fair market value of the new parcel of land is $300,000. In addition, Julio receives cash of $10,000. Calculate Julio's realized and recognized gain or loss and his adjusted basis for the assets received. 12. Lucinda, a calendar year taxpayer, owned a rental property with an adjusted basis of $312,000 in a major coastal city. Her property was condemned by the city government on October 12, 2021 to build a convention center. Lucinda eventually vanaiuada