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1 .71 points eBook Firm Q exchanged old property with an $97,500 tax basis for new property with a $81,200 FMV. Apply the generic rules under each of the following assumptions: Required: a. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are not qualified property for nontaxable exchange purposes. b. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are qualified property for nontaxable exchange purposes. c. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are not qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q paid $2,350 cash to the other party d. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q paid $2,350 cash to the other party. e. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are not qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q received $9,200 cash from the other party. f. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q received $9,200 cash from the other party. References 1 .71 points eBook Firm Q exchanged old property with an $97,500 tax basis for new property with a $81,200 FMV. Apply the generic rules under each of the following assumptions: Required: a. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are not qualified property for nontaxable exchange purposes. b. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are qualified property for nontaxable exchange purposes. c. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are not qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q paid $2,350 cash to the other party d. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q paid $2,350 cash to the other party. e. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are not qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q received $9,200 cash from the other party. f. Compute Q's realized loss, recognized loss, and tax basis in the new property assuming old property and new property are qualified property for nontaxable exchange purposes. To equalize the values exchanged, Firm Q received $9,200 cash from the other party. References

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