Constructive Ownership. During the current year, Troy sells land to Berry Corporation

for $$165,000.$ Troy purchased the land for investment in $2002$ for $$170,000.$ Berry

Corporation is owned as follows:

Troy and Jimmy are equal partners in a separate entity, TJ Partnership.

a$.$ What is Troy's constructive ownership in Berry Corporation?

b$.$ What is the amount of loss Troy may recognize?

c$.$ How would your answers to Parts a and b change if TJ Partnership owned $25\%,$

instead of Nicole?