likekind exchange question 4D #943

  • Creator
    Topic
  • March 11, 2016 at 3:05 am #200734
    startupcfo
    Participant

    The question is about exchanging farmland for an office building. The question was about calculating recognized gain.

    I put down the answer was zero, my rationale being that this is a likekind exchange. Where did I go wrong?

    AUD - 93
    BEC - 87
    FAR - 77
    REG - 77
    ------------
    Corporate finance leader

    BEC - 87 | 02/28
    REG - 70 | 06/10, REMATCH | 08/30
    AUD - XX | 09/10
    FAR - XX | 12/10

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