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The Stock of Eagle,Inc.is Owned as Follows

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The stock of Eagle,Inc.is owned as follows:
The stock of Eagle,Inc.is owned as follows:    Tom sells land and a building to Eagle,Inc.for $212,000.His adjusted basis for these assets is $225,000.Calculate Tom's realized and recognized loss associated with the sale. Tom sells land and a building to Eagle,Inc.for $212,000.His adjusted basis for these assets is $225,000.Calculate Tom's realized and recognized loss associated with the sale.


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