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Question 13 (1 point) Martina exchanges a business building with a basis of $450,000 and a value of $400,000 for another building with a value

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Question 13 (1 point) Martina exchanges a business building with a basis of $450,000 and a value of $400,000 for another building with a value of $350,000 plus $50,000 cash. Which of the following statements is true? Martina has a realized loss of $50,000, a recognized loss of $50,000, and a basis of $400,000 in the newly acquired like-kind property. Martina has a realized loss of $50,000, a recognized loss of $50,000, and a basis of $350,000 in the newly acquired like-kind property. Martina has a realized loss of $50,000, no recognized loss, and a basis of $400,000 in the newly acquired like-kind property. Martina has a realized loss of $50,000, no recognized loss, and a basis of $450,000 in the newly acquired like-kind property

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