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Phyllis sells a building (AB 50, FV 85) and in exchange receives cash 10 and stock investments (AB to original owner of 65, FV 70).

Phyllis sells a building (AB 50, FV 85) and in exchange receives cash 10 and stock investments (AB to original owner of 65, FV 70). What will Phyllis recognize? This is not a like kind exchange No gain or loss. Gain of 30 Loss of (10) Gain of 25. Loss of

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