
Concept explainers
a.
Compute the realized, recognized, and postponed gain or loss and the new basis for the given case.
b.
Compute the realized, recognized, and postponed gain or loss and the new basis for the given case.
c.
Compute the realized, recognized, and postponed gain or loss and the new basis for the given case.
d.
Compute the realized, recognized, and postponed gain or loss and the new basis for the given case.
e.
Compute the realized, recognized, and postponed gain or loss and the new basis for the given case.
f.
Compute the realized, recognized, and postponed gain or loss and the new basis for the given case.
g.
Prepare the Microsoft Excel spreadsheet to compute the realized gain or loss, boot received, boot given, gain (loss) recognized, gain (loss) deferred, and the basis of like-kind property received. Separate tabs for simplified method and § 1031(d) method.

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Chapter 15 Solutions
Individual Income Taxes
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