Stephanie owns land (adjusted basis of $90,000; fair ma阳value of $125,000) 』- that she uses in her business. She exchanges it for another parcel of land (worth $100,000) and stock (worth $25,000). Determine Stephanie's: a. Realized and recognized gain or loss on the exchange. b. Basis in the new land. c. Basis in the stock she received. g
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Home » Business » Stephanie owns land (adjusted basis of $90,000; fair ma阳value of $125,000) 』- that she uses in her business. She exchanges it for another parcel of land (worth $100,000) and stock (worth $25,000). Determine Stephanie's: a.