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Jan had land in Maryland with a FMV of $60,000 and an adjusted basis of $40,000. She exchanged it for land in Virginia with a

Jan had land in Maryland with a FMV of $60,000 and an adjusted basis of $40,000. She exchanged it for land in Virginia with a FMV of $70,000. Jan also paid $10,000 cash in the transaction. What is Jan's basis in the land received

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