The taxpayer owns Green acre. Basis is $$140$ and FMV is $$150.$ Taxpayer exchanges with unrelated buyer for Buyer Property called Black acre. Black acre is worth $$175.$ Consequently, Taxpayer needs to also bring $$25$ Cash to equalized Fair market values.

a$.$ What is Buyer$$s realized gain?

b$.$ What is Buyer$$s recognized gain?

c$.$ What is Buyer$$s basis in Black acre after the transaction?

d$.$ What is Buyer$$s deferred gain?