Mark for follow up Question 63 of 75. Generally, the basis of property received in a fully nontaxable exchange is: The FMV of the property given up The FMV of the properly received The adjusted basis of the property given up The greater of the FMV or the adjusted basis of the property given up Mark for follow up award of $155,000 and purchased replacement property for $205,000. Question 64 of 75. Chad Young's investiment property was condemned. He purchased the property for $125,000. He received a of gain realized on the condemnation? O 50 O 530,000 O $50,000 O $80,000 Mark for follow up Question 65 of 75. To postpone casualty gain, the end of the replacement period is the last day of the tax year that is: Three years after the date of the disaster Three years after any gain is realized. Four years after the date of the disaster O Four years after any gain is realized. Mark for follow up Question 66 of 75. Sarah Jones gave up investment-use land and $10,000 cash for a nonresidential condominium. For Sarah, this exchange is: O Fully taxable as a recognizable transfer Fully nontacable as a like-kind exchange O Partially tavalle as a like kind exchange Pe