Molly exchanges a rental building, which has an adjusted basis of $525,000, and FMV of $765,000 for another rental house

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Molly exchanges a rental building, which has an adjusted basis of $525,000, and FMV of $765,000 for another rental house

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Molly Exchanges A Rental Building Which Has An Adjusted Basis Of 525 000 And Fmv Of 765 000 For Another Rental House 1
Molly Exchanges A Rental Building Which Has An Adjusted Basis Of 525 000 And Fmv Of 765 000 For Another Rental House 1 (26.7 KiB) Viewed 11 times
Molly exchanges a rental building, which has an adjusted basis of $525,000, and FMV of $765,000 for another rental house which has a fair market value of $680,000. She also receives $85,000 in cash. Determine her basis for the rental house she exchanges. O
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