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Samantha exchange a truck used in her business with Phyllis for another truck the basis of samanthas old truck is 25,000 FMV is 33,000 and
Samantha exchange a truck used in her business with Phyllis for another truck the basis of samanthas old truck is 25,000 FMV is 33,000 and she gives Phyllis cash of 7,000 phyllis basis in her truck is 35,000 and its FMV is 40,000 what is samanthas adjusted basis in the new truck she receives? a-25,000 b-32,000 c-33,000 d-40,000
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