What is the basis of the new property in each of the following exchanges? New Property Basis a. Apartment building held for investment

What is the basis of the new property in each of the following exchanges? New Property Basis a. Apartment building held for investment (adjusted basis of $145,000) for office building to be held for investment (fair market value of $225,000). $fill in the blank 1 b. Land and building used as a barbershop (adjusted basis of $190,000) for land and building used as a grocery store (fair market value of $350,000). $fill in the blank 2 c. Office building (adjusted basis of $45,000) for bulldozer (fair market value of $42,000), both held for business use. $fill in the blank 3 d. IBM common stock (adjusted basis of $20,000) for ExxonMobil common stock (fair market value of $28,000). $fill in the blank 4 e. Rental house (adjusted basis of $90,000) for mountain cabin to be held for rental use (fair market value of $225,000). $fill in the blank 5 f. General partnership interest (adjusted basis of $400,000) for a limited partnership interest (fair market value of $580,000). $fill in the blank 6

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