Isabel Bob Proceeds Property Received (FMV) Other Proceeds (Boot Received) Tota Proceeds Basis Original Basis Additional Basis (Boot Paid) Total Basis Realized Gain or Loss Recognized Gain or Loss Deferred Gain or Loss Isabel exchanges a building with a fair market value (FMV) of $1,100,000 for $100,000 cash in addition to a building with fair market value (FMV) of $1,000,000 with Bob. Isabel has a basis in her original property of $300,000 which Bob's original basis is $500,000 Question #1 - What is Isabel's and Bob's "Realized Gain", "Recognized Gain" and "Deferred Gain