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Tiana exchanged her investment use real property for a smaller piece Of investment use property. At the time of the exchange, the fair market value

Tiana exchanged her investment use real property for a smaller piece Of investment use property. At the time of the exchange, the fair market value (FMV) of the property she traded was $66000 and her adjusted basis in this property was $45000. In exchange she received a piece of property with an FMV of $50000 plus $16000 in cash.

how much gain does Tiana recognize as a result of the sale?

1- $0

2- $5000

3- $16000

4- $21000

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