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this is for 2019 tax year. please provide work. thank you Parker owns a building used in his business with an adjusted basis of 5380,000

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this is for 2019 tax year. please provide work. thank you

Parker owns a building used in his business with an adjusted basis of 5380,000 and a $725 000 FMV. He exchanges the building for a building owned by Dalen Dalen's building has a $1,025,000 FMV but is subject to a $300,000 abity Parker assumes Dallen's liability and uses the building in his business. Read the MANE Requirement a. What is Parker's realized gain? The realized gain is Requirement b. What is Parker's recognized gain? (17 there is no recognized gain, make sure to enter in the appropriate cel The recognized gain is Requirement c. What is Parker's basis for the building received? Parker's basis for the building received is

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