Determine the realized recognized and postponed gain or

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Determine the realized, recognized, and postponed gain or loss and the new basis for each of the following like-kind exchanges:

          Adjusted basis old assets    Boot given    fair market value new asset    Boot received

A.          $7,000                                        $0                           $12,000                                     $4,000

B.          $14,000                                      $2,000                   $15,000                                     $0

C.          $3,000                                        $7,000                   $8,000                                       $500

D.          $22,000                                        0                           $32,000                                     $0

E.          $10,000                                        0                           $11,000                                     $1,000

F.          $10,000                                        0                           $8,000                                     $0

Reference no: EM13576319

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