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Request assistance with this question as I might be off on one. Thanks. Viktor exchanges stock (adjusted basis $18,000, FMV $25,000) and real estate (adjusted

Request assistance with this question as I might be off on one. Thanks.

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Viktor exchanges stock (adjusted basis $18,000, FMV $25,000) and real estate (adjusted basis $18,000, FMV $44,000) held for investment for other real estate to be held for investment. The real estate acquired in the exchange has a suggested FMV of $67,000. Required: a. What are Viktor's realized and recognized gain or loss? b. What is the basis of the acquired real estate? a. Realized gain Recognized gain b. Basis of the real estate $ $ $ Amount 24,000 7,000 43,000

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