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Question 59 of 75 . Theresa Perry exchanged her investment-use real property for a larger piece of investment-use property. property she traded was $55,000, and
Question 59 of 75 . Theresa Perry exchanged her investment-use real property for a larger piece of investment-use property. property she traded was $55,000, and her adjusted basis in this property was $27,000. She also provided $ property with an FMV of $66,000. What is Theresa's gain realized and the gain recognized on the exchange? $0 and $28,000 $11,000 and $38,000 $28,000 and $0 $38,000 and $11,000 Mark for follow up Question 59 of 75 . Theresa Perry exchanged her investment-use real property for a larger piece of investment-use property. property she traded was $55,000, and her adjusted basis in this property was $27,000. She also provided $ property with an FMV of $66,000. What is Theresa's gain realized and the gain recognized on the exchange? $0 and $28,000 $11,000 and $38,000 $28,000 and $0 $38,000 and $11,000 Mark for follow up
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