u/BackgroundToe2332

Why is the realized gain here 20,000 for Jones and Carey when the textbook formula has realized gain as FMV of stock received + liabilities assumed + FMV of boot received - NBV.

For Jones wouldn’t the realized gain be 120,000 + 60,000 + 10,000 - 100,000 = 90,000

For Carey wouldn’t it be 40,000 + 20,000 - 20,000 =40,000?

However in the answer and skill builder they simply did FMV - NBV = realized gain.

Am I just overthinking it?

I noticed this white spot on her eyelid, maybe over the holidays. I don’t know how long it’s been there but it wasn’t there when we got her as a puppy. She is turning 6 this month. Vet said just keep an eye on it to monitor if it gets any bigger but posting this here to see other comments on this or if it’s a bigger issue than thought. Her appetite, behavior and everything else is still normal so I want to just say it’s discoloration and nothing else!

Thank you for your help.