20. Under a plan of complete liquidation, Nuha Corporation distributes land (not a discualified property) with an adjusted basis of $250,000 and an FMV of $200,000 for all Hosain's stock. Hosain's basis in his 12% interest in the Nuha stock is $250,000. Find Husain's basis in the land and Nuha Corporation's recognized gain or loss. A) Basis Recognized Gain/Loss $200,000 $50,000 gain B) Basis Recognized Gain/Loss $200,000 $50,000 loss C Basis Recognized Gain/Loss $250,000 $50,000 gain D) Basis Recognized Gain/Loss $250,000 $50,000 loss