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Problems Answer the following questions. 1. Z exchanged the following parcels of land for different parcels of land in seven independent like-kind exchanges. For each

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Problems Answer the following questions. 1. Z exchanged the following parcels of land for different parcels of land in seven independent "like-kind" exchanges. For each exchange, compute the amount of gain or loss realized and recognized, and the basis of the new parcel. For (g), also compute the basis of the unlike property. FMV Realized Recognized Basis Basis of Boot of New Boot Gain Gais of New Old Parcel Given Parcel Received (Loss) (Loss) Parcel a $6,000 $0 $7,000 $0 $ b. $6,000 $2,000 $9,000 $0 $ $ $6,000 $4,000 $9,000 $0 $ d. $6,000 $0 $5,500 $1,000 $. $6,000 $0 $6,500 $1,000 $ f. $6,000 $0 $4,500 $1,000 $ g $6,000 $0 $6,500 $ 300* $. C. e. Computer with a FMV of $300 The basis of the computer would be $

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