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QUESTION 15 In 2020. Livingston exchanged a parcel of Land (535.000 Ft Market value and Austed basis of $15.000) for shy percent Wrina Per The

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QUESTION 15 In 2020. Livingston exchanged a parcel of Land (535.000 Ft Market value and Austed basis of $15.000) for shy percent Wrina Per The Pare the land in its business for two (2) years and then sells the Land for 590.000 Livingston's share of the Gain Record from the sales 520.000 533,000 553,000 575,000 QUESTION 15 In 2020. Livingston exchanged a parcel of Land (535,000 Fair Market value and Adjusted Basis of $15.000) for sty percent (0) Interest in a Partnership The Partnership uses the Land in its business for two (2) years and then sells the Land for 590,000. Livingston's share of the Gain Recognized from the sales $20.000 $33.000 $53,000 $75.000 Save Als All Anners to save all answers

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