What effect does the mortgage have on the recognition

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Problem - Mortgaged real estate may be received in a like-kind exchange. If the tax- payer's mortgage is assumed, what effect does the mortgage have on the recognition of realized gain? On the basis of the real estate received?

Reference no: EM132659725

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What effect does the mortgage have on the recognition : If the tax- payer's mortgage is assumed, what effect does the mortgage have on the recognition of realized gain? On the basis of the real estate received
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