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QUESTION Aaron exchanges a rental house at the beach with an adjusted basis of $225,000 and afsir market value of $300,000 for a rental house

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QUESTION Aaron exchanges a rental house at the beach with an adjusted basis of $225,000 and afsir market value of $300,000 for a rental house at the mountains with a fur market value of $280,000 and cash of $20,000. What is the recognized gain or loss? a. So b. 520,000 O (520,000) d.(525,000) Oe. None of the above

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