Joe would like to exchange his plot of land for an apartment building. The building, owned by Sam, has a FMV of $1.8 million and a basis of $1.3 million. The property also has a mortgage balance of $600,000. Joe's land has a FMV of $1.2 million and and a $900,000 basis and is debt free. Joe and Sam agree to swap properties. Joe will assume Sam's $600,000 mortgage on the building. What is Joe's Amount Realized, Gain Realized, Gain Recognized, Deferred Gain and Substituted Basis.

I can't seem to get this problem right! Thank you.