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What is samantha adjusted basis in the new truck

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Question - Samantha Exchanges a truck used in her business with Phyllis for another truck, The basis of Samantha's old truck is $25,000. FMV is $33,000. Phillis; basis in her truck is $35,000 and it's FMV is $40,000.

Who pays the boot?

How much boot?

What is Samantha's adjusted basis in the new truck she receives?

Reference no: EM132087441

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What is samantha adjusted basis in the new truck : Samantha Exchanges a truck used in her business with Phyllis for another truck, What is Samantha's adjusted basis in the new truck she receives
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