ABC Partnership is owned 40% by Sharon, 30% by Saxton, and 30% by Tad. Becker, Inc. is owned 50% by ABC Partnership, 20% by Ronald, 10% by Tad, and 20% by Sharon. Ronald and Tad are brothers. All other individuals are unrelated. During the current year, Ronald sold a piece of land to Becker, Inc., for $80,000. Ronald originally purchased the land as an investment a few years ago for $97,500. a. b. How much of the loss may Ronald recognize? Now assume all the same facts except that the sale occurred between Tad and Becker, Inc. How much of the loss may Tad recognize? Now assume the same facts as in b except that Becker, Inc., is owned 75% by Sharon and 25% by Ronald. Tad sells the land to Becker, Inc. How much of the loss may Tad recognize? C. Requirement a. How much of the loss may Ronald recognize? Begin by determining Ronald's constructive ownership in Becker, Inc. (Enter percentages Direct ownership of Becker, Inc. by Ronald % Through Tad: Tad's actual ownership % Tad's ownership through ABC % % Total %