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During the current year, Trevor sells land to Corn Corporation for $ 205 comma 000. Trevor purchased the land for investment in 2002 for $

During the current year, Trevor sells land to Corn Corporation for $ 205 comma 000. Trevor purchased the land for investment in 2002 for $ 220 comma 000. Corn Corporation is owned as follows:


Requirements a. What is Trevor's constructive ownership in Corn Corporation? 


b. What is the amount of loss Trevor may recognize?


c. How would your answers to Parts a and b change if TJ Partnership owned 25%, instead of Natasha?

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