Patrick hos invest

Question 64 of 75. Patrick Ho's investment property was condemned. He purchased the property for $210,000. He received a net award of $250,000, and purchased a replacement property for $301,000. What is the amount of gain recognized after the replacement property is purchased? O $0 O $40,000 O $51.000 O $91,000 Mark for follow up Question 65 of 75. Kvra Bernard's basis in investment-use land was $9,000. She received a gross condemnation award of $13,000. Her net condemnation award was $12,600. She purchased replacement property at a cost of $13,000. What is Kyra's basis in the replacement property? $3,600 O $9.000 O $9,400 O $12,600