Question 62 of 5 Robert and brother, Willam, exchanged rental properties in Apr 2017 wimam sold the property he receive exchange on January 2018 What is the consequence to both brothers? Robert and met the holding period and have a notable exchange - Wam not meet the holding period. Robert and wha t recognize any gain or loss on the exchange Robert the holding period and has a notable exchange. William did not meet the holding period and must Robertad not meet the holding period and must recognue any gain or lost on the exchange William met the ho and has a notable exchange Mark for follow up Question 63 of 75 Generally, the basis of property received in a fully nontaxable exchange is: The FMV of the property given up The FMV of the property received The adjusted basis of the property given up The greater of the FMV or the adjusted basis of the property given up. Mark for follow up Question 64 of 75. Boot is: Not a factor in determining basis af property received in an exchange. Cash paid in an exchange Cash or unlike property paid or received in an exchange Unlike property paid in an exchange. Mark for follow up cuestion 65 of 75. hirley Lees exchanged her investment-use real property (FMV $30,000, basis $17,000) and $5,000 vestment-use real property (FMV 535.000). What is the gain realized and the gain recognized on $0 and $13,000 $5,000 and $22.000 $13,000 and $0 $22,000 and $5.000