Kareem owns a pickup truck that he uses exclusively in his business. The adjusted basis is $22,000, and the fair market value is $14,000. Kareem exchanges the truck for a truck that he will use exclusively in his business.

If an amount is zero, enter "0".

a. Kareem's realized loss

is $, and his recognized loss

is $.

b. Kareem's basis in the new truck is $

c. What are the tax consequences to Kareem if he used the old truck and will use the new truck exclusively for personal purposes? He will have a realized loss

of $ that is not recognized, and the basis for the new truck is $.