Yael exchanges an office building worth $150,000 for investment land worth $175,000.Yael also transferred stock worth $25,000 to the other party.Yael's adjusted basis in the building and stock is $180,000 and $11,000,respectively.How much gain or loss will Yael recognize on the exchange?
A) $0
B) ($30,000)
C) ($16,000)
D) $14,000
Correct Answer:
Verified
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