2.05.4 Like-Kind Exchange (5)

Question 問題、
The Andee Partnership traded its farm land with an adjusted basis of $10,000 for barren land with a fair market value of $15,000. Andee also received $3,500 cash on the trade. What is the gain, if any, on this trade?

A. $0

B. $3,500

C. $5,000

D. $1,500

The correct answer is 正解は、[B. $3,500]
同種資産の交換において交換差金 (boot) を受領した場合、交換差金のFMVかrealized gainの小さい方まで収益を認識する。
新資産FMV $15,000 + boot $3,500 - 旧資産 $10,000 = realized gain $8,500 ＞ boot $3,500
（参考）新資産のbasisは$10,000（旧資産 $10,000 - boot $3,500 + 収益認識 $3,500）。