by Anonymous on April 23rd, 2007

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I sold my ranch of 11 yrs that I inherited (no inheritance tax involved). I did a tax free exchange on a portion of that sale and received cash on rest. Do I pay the gain only on cash left or on all of the sell of the ranch?

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I sold my ranch of 11 yrs that I inherited (no inheritance tax involved). I did a tax free exchange on a portion of that sale and received cash on rest. Do I pay the gain only on cash left or on all of the sell of the ranch?

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I sold my ranch of 11 yrs that I inherited (no inheritance tax involved). I did a tax free exchange on a portion of that sale and received cash on rest. Do I pay the gain only on cash left or on all of the sell of the ranch?

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