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plz help QUESTION 41 Luke wants to exchange his land worth $190,000 and stock worth $10,000 for land with a fair value of $200,000. His
plz help
QUESTION 41 Luke wants to exchange his land worth $190,000 and stock worth $10,000 for land with a fair value of $200,000. His original is for the land is 1250 000. The original basis in the stock is $8,000. What total amount is taxable to Luke when this transfer cours? (This question is making for wins, foron and on Kind property) $0 $2,000 $10.000 $200,000 $250,000 QUESTION 42 Using the information above, what is Luke's basis in the new land? $260,000 $210,000 $250,000 $258,000 O $208,000 Step by Step Solution
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