Languages homework help

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1.      Sam Sellmore, a successful salesman, owns an apartment buiding worth $75,000 with an adjusted basis of $80,000.  Recently, he received an offer from Carol Rosenboom to exchange owenership of apartment buildings.  Ms. Rosenboom’s building is also valued at $75,000 with an adjusted basis of $50,000a.      Does wither party have any gain or loss to recognize if they exchange buildings?b.      Would your answer be the same if they were both dealers and traders of many apartment buildings?c.       Does either party recognize gain or loss if1.      Sam Sellmore receive $2000 in cash in the deal?2.      Ms. Rosenboom, instead of Sam, receives $2,000 in cash in the deal?d.      Calculate the following:1.      Sam’s basis in the property received if he receives $2,000 in cash in the deal2.      Carol’s basis in the property received if she receives $2,000 in cash in the deal. Include Internal Revenue Code Section