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! Required information [The following information applies to the questions displayed below.] Rosa exchanges an unimproved land (held for investment) with a $56,100 adjusted
! Required information [The following information applies to the questions displayed below.] Rosa exchanges an unimproved land (held for investment) with a $56,100 adjusted basis for an apartment building (used in business) and an automobile. The apartment and the automobile have an FMV of $103,000 and $20,800, respectively. a. What is Rosa's recognized gain (loss)? (Loss amounts should be indicated by a minus sign. Leave no answers blank. Enter zero if applicable.) $ ! Required information [The following information applies to the questions displayed below.] Rosa exchanges an unimproved land (held for investment) with a $56,100 adjusted basis for an apartment building (used in business) and an automobile. The apartment and the automobile have an FMV of $103,000 and $20,800, respectively. b. What is Rosa's basis in the automobile received? (Leave no answers blank. Enter zero if applicable.) $ ! Required information [The following information applies to the questions displayed below.] Rosa exchanges an unimproved land (held for investment) with a $56,100 adjusted basis for an apartment building (used in business) and an automobile. The apartment and the automobile have an FMV of $103,000 and $20,800, respectively. c. What is Rosa's basis in the apartment building? (Leave no answers blank. Enter zero if applicable.) $
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