2.05.4 Like-Kind Exchange (4)

Question 問題、
Sylvester owns farm machinery that has a fair market value of $157,000 and an adjusted basis of $90,000. The farm machinery is subject to a liability of $47,000. Dorene would like to purchase Sylvester's farm machinery and makes the following offer:
- Cash -- $15,000
- Assumption of Sylvester's liability
- Farmland owned by Dorene having a fair market value of $95,000; the land is not encumbered by any liabilities
What is the amount of Sylvester's recognized gain if he accepts Dorene's offer?

A. $15,000

B. $20,000

C. $62,000

D. $67,000

The correct answer is 正解は、[D. $67,000]
= 現金 $15,000 + 負債の引受け $47,000 + 農地のFMV $95,000 - 農機具のbasis $90,000
農機具（動産）と農地（不動産）の交換のため、同種資産の交換とはならない。
通常の交換取引で取得した新資産のbasisはその資産のFMV。