As part of the divorce agreement harold transfers his, Financial Accounting

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As part of the divorce agreement harold transfers his

As part of the divorce agreement, Harold transfers his ownership interest in their persnonal residence to Lisa. The house has been jointly owned and the adjusted basis is $190,000. At the time of the transfer, the FMV of the house is $300,000. What is the recognized gain to Harold's and what is Lisa's adjusted basis?

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