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. Katrina owns undeveloped land with an adjusted basis of $286,875. She exchanges it for other undeveloped land worth $637,500. Assume that Katrina holds the

. Katrina owns undeveloped land with an adjusted basis of $286,875. She exchanges it for other undeveloped land worth $637,500. Assume that Katrina holds the land as an investment. If an amount is z...

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