Eunice Jean exchanges land held for investment located in Rolla,Missouri,for land to be held for investment located near Madrid,Spain.Her basis for the land given up is $370,000 and the fair market value of the land received is $390,000.Eunice Jean also receives cash of $25,000.
Definitions:
Woodrow Wilson
The 28th President of the United States, serving from 1913 to 1921, known for his leadership during World War I and for advocating the League of Nations.
Peace Conference
A meeting aimed at resolving conflicts and establishing peace between nations or groups.
International Diplomacy
The conduct of negotiations and the management of relations between nations by official representatives and diplomats.
Theodore Roosevelt
The 26th President of the United States (1901-1909), known for his exuberant personality, range of interests, and achievements, including the Panama Canal Treaty and Nobel Peace Prize.
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