. D, E and F each own one-third of the outstanding stock of R Corporation (an S corporation). During the current year, R will have $120,000 of net income from business operations. The net income is realized at a rate of $10,000 per month. Additionally, in January of this year R sold 1231 property and recognized a $60,000 loss.

(a) Assume D's basis in her R stock at the beginning of the year is $10,000. If D sells one-half of her stock to G midway through the year for $25,000, what will be the tax results to D and G?

(b) What difference would it make in (a), above, if D sold all of her stock to G for $50,000?