What is marshas basis in the land received, Taxation

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What is marshas basis in the land received

Problem

Marsha exchanged land in Florida with an FMV of $52,700 and an adjusted basis of $45,000 for land in Iowa with an FMV of $57,700. Marsha also paid $5,000 cash in the transaction. What is Marsha's basis in the land received? What is Marsha's realised gain? What is Marsha's recognised gain?

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Taxation: What is marshas basis in the land received

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