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7. The stock of Eagle, Inc. is owned as follows: Tom Tom's uncle Tom's daughter Tom's sister Tom's spouse Tom's nephew Tom's CPA, unrelated Tom
7. The stock of Eagle, Inc. is owned as follows: Tom Tom's uncle Tom's daughter Tom's sister Tom's spouse Tom's nephew Tom's CPA, unrelated 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. 23% 22% 7% 15% 15% 890 10%
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