Camilos property, with an adjusted basis of $361,600, is condemned by the state. Camilo receives...
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Accounting
Camilos property, with an adjusted basis of $361,600, is condemned by the state. Camilo receives property with a fair market value of $415,840 as compensation for the property taken.
If an amount is zero, enter "0".
Camilos realized gain is $_____ and his recognized gain is $0 . The basis of the replacement property is $______
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