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Question 10 of 30. In an exchange, Denise gave up her investment-use real property (FMV $30,000, basis $25,000) and $6,000 for a larger piece of
Question 10 of 30. In an exchange, Denise gave up her investment-use real property (FMV $30,000, basis $25,000) and $6,000 for a larger piece of investment-use real property (FMV $36,000). What is the gain realized and recognized on the exchange? ______ realized gain; _____ recognized gain. $0; $5,000 $5,000; $0 $5,000; $5,000 $6,000; $0
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