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Jane, single, has an apartment building with a fair market value of $800,000 and an adjusted basis of $200,000, depreciated under the straight-line method.

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Jane, single, has an apartment building with a fair market value of $800,000 and an adjusted basis of $200,000, depreciated under the straight-line method. She would like either to exchange this building for another one or to sell this building and buy another building. What factors should Jane consider in making her decision assuming she is in the highest tax bracket and would make the sale or exchange in 2021?

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