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Calculate melissas recognized gain or loss

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Reference no: EM131789007

Melissa exchanges an apartment building with an adjusted basis of $50,000 and a fair market value of $87,000 and Green, Inc., stock with an adjusted basis of $5,000 and a fair market value of $3,000 for rental real estate with a fair market value of $90,000 in a like-kind exchange. Calculate Melissa's recognized gain or loss

Reference no: EM131789007

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