Donna, who is single, transfers property with a $76,000 basis and a $130,000 FMV to Portrait World Corporation in exchange for all 150 shares of Portrait World stock. The shares qualify as Sec. 1244 stock. Two years later. Donna sels the stock for $20,000 Requirement What are the amount and character of Donna's recognized gain or loss? b. How would your answer to Part a change if the FMV of the property were $69,000? Requirement. What are the amount and character of Donna's recognized gain or loss? Donna's of which