Like Kind Exchange 1031 Liability Involved CPA Exam

[@olivianganle6452]

At 5:27, the result for deferred gain is 2500, not 12,500 (15,000 - 12,500 = 2,500). Therefore, the basis of Andy's new property is 82,500 - 2,500 = 80,000.

[@AlexNuaimi-k6y]

Thank you Professor

[@AccountingLectures]

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[@Ricardo-ix5eu]

Clearly explained

[@AccountingLectures]

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