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so the answer that was given to us is below but i dont know how they got it. please help Individual: X5 G real 500,000;
so the answer that was given
to us is below but i dont know how they got it. please help Individual: X5 G real 500,000; G recog 0; AB new 400,000 Individual: X9 G recog 650,000; 1250 0; 1231 650,000; 25% 270,000; 15% 380,000 Corporation: X5 G real 500,000; G recog 0; AB new 400,000 Corporation: X9 G recog 650,000; 1250 0; Remaining G 650,000; 291 54,000; 1231 596,000
20. In 20X5 Scarlet exchanged an apartment complex in Arizona (purchased in 20X1; cost $600,000;ABStep by Step Solution
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