Lany owned a truck und in his trade or business that cout $48,000 and had an adjusted basis of $39.000 in 2016 when the truck was exchanged for a new truck that was the kind propertywna FMV of $47.000. Prior to selling the new truck in 2020, Lany was slowed depreciation of $15.000 for the new truck Read the forme Begin by determining the (a.) realized gain on the exchange in 2016 and The realized gain on the exchange in 2016 Determine the (b.) recognized gain on the exchange that was like and exchange in 2016. (Compiute at input folde. Etter at or for any zero balance) The recognized gain on the exchange in 2016 Determine the le.) basis of track received in 2016, The basis of the truck received in Determine the fd) recognized pain, and the character of the gain, the sales price of the truck a $30,000 The recognized gain is Determine the character of the recognized gain. The recognized gain may be classes more than one type of income fanput fold is not used, wave the input fempty. Do not selecta Label or enter) Character of the gain Recognized Gain Choose from any list or enter any number in the input fields and then continue to the next question Read the requirements 175,000 for the new truck Label or enter a zero.) Character of the gain Recognized Gain Determine the (w.) recognized gain, and the character of the gain, if the sale price of the truck is $53,000 The recognized gain is Determine the character of the recognized gain. The recognized gain may be classified as more than one type of income. (If an input field is not used in the tu not select a label or enter a zero) Character of the gain Recognized Gain 1. If the exchange had occurred during the current year, determine the recognized gain and the basis of the new truck of the exchange had occured during 2020, the recognized gain would have been If the exchange had occured during 2020, the basis of the truck received would be Choose from any list or enter any number in the input fields and then continue to the next question Determine: a. Realized gain on the exchange in 2016 b. Recognized gain on the exchange that was a like-kind exchange in 2016 c. Basis of truck received in 2016 d. Recognized gain, and the character of the gain, if the sales price of the truck is $36,000 e. Recognized gain, and the character of the gain, if the sale price of the truck is $53,000 f. If the exchange had occurred during the current year, determine the recognized gain and the basis of the new truck. Print Done Lany owned a truck und in his trade or business that cout $48,000 and had an adjusted basis of $39.000 in 2016 when the truck was exchanged for a new truck that was the kind propertywna FMV of $47.000. Prior to selling the new truck in 2020, Lany was slowed depreciation of $15.000 for the new truck Read the forme Begin by determining the (a.) realized gain on the exchange in 2016 and The realized gain on the exchange in 2016 Determine the (b.) recognized gain on the exchange that was like and exchange in 2016. (Compiute at input folde. Etter at or for any zero balance) The recognized gain on the exchange in 2016 Determine the le.) basis of track received in 2016, The basis of the truck received in Determine the fd) recognized pain, and the character of the gain, the sales price of the truck a $30,000 The recognized gain is Determine the character of the recognized gain. The recognized gain may be classes more than one type of income fanput fold is not used, wave the input fempty. Do not selecta Label or enter) Character of the gain Recognized Gain Choose from any list or enter any number in the input fields and then continue to the next question Read the requirements 175,000 for the new truck Label or enter a zero.) Character of the gain Recognized Gain Determine the (w.) recognized gain, and the character of the gain, if the sale price of the truck is $53,000 The recognized gain is Determine the character of the recognized gain. The recognized gain may be classified as more than one type of income. (If an input field is not used in the tu not select a label or enter a zero) Character of the gain Recognized Gain 1. If the exchange had occurred during the current year, determine the recognized gain and the basis of the new truck of the exchange had occured during 2020, the recognized gain would have been If the exchange had occured during 2020, the basis of the truck received would be Choose from any list or enter any number in the input fields and then continue to the next question Determine: a. Realized gain on the exchange in 2016 b. Recognized gain on the exchange that was a like-kind exchange in 2016 c. Basis of truck received in 2016 d. Recognized gain, and the character of the gain, if the sales price of the truck is $36,000 e. Recognized gain, and the character of the gain, if the sale price of the truck is $53,000 f. If the exchange had occurred during the current year, determine the recognized gain and the basis of the new truck. Print Done