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Viktor exchanges stock (adjusted basis $18,750, FMV $26,350 ) and real estate (adjusted basis $18,750, FMV $45,500 ) held for investment for other real estate

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Viktor exchanges stock (adjusted basis $18,750, FMV $26,350 ) and real estate (adjusted basis $18,750, FMV $45,500 ) held for investment for other real estate to be held for investment. The real estate acquired in the exchange has a suggested FMV of $69,400. Required: a. What are Viktor's realized and recognized gain or loss? b. What is the basis of the acquired real estate? Viktor exchanges stock (adjusted basis $18,750, FMV $26,350 ) and real estate (adjusted basis $18,750, FMV $45,500 ) held for investment for other real estate to be held for investment. The real estate acquired in the exchange has a suggested FMV of $69,400. Required: a. What are Viktor's realized and recognized gain or loss? b. What is the basis of the acquired real estate

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