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What is barry basis in the house

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Question - Barry bus a house from Marty on June 1, 2018. Marty pre-paid the entire year's real estate taxes of 6,000 on January 1, 2018. Barry paid Marty $300,000 in cash, gave him shares of Microsoft stock, which he purchased for $150,000 and were worth $250,000 on June 1, 2018, and the seller gave Barry additional financing of $275,000. Barry paid $4,500 to his lawyer to handle the transaction. What is Barry's basis in the house? Did Barry recognize any gain or loss with respect to his Microsoft stock? If so, how much?

Reference no: EM132229115

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