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Maud exchanges a rental house at beach with adjusted basis of $475,00 and a fair market value of $460,000 for a rental house at the

Maud exchanges a rental house at beach with adjusted basis of $475,00 and a fair market value of $460,000 for a rental house at the mountains with a fair market value of $400,000 and cash of $60,000 What is the recognized gain or loss

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