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Owner of Blackacre has a LKE Asset with FMV of $ 2 5 0 , basis of $ 1 2 5 , and an assumable
Owner of Blackacre has a LKE Asset with FMV of $ basis of $ and an assumable loan of $ Blackacre is exchanged for Greenacre with a FMV of $ The owner of Greenacre has to also bring $ of other assets nonLKE assets to the table to settle.
a What is Buyers realized gain?
b What is Buyers recognized gain?
c What is Buyers basis in Black acre after the transaction?
d What is Buyers deferred gain?
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