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For each of the listed transactions list: 1) the gain or loss realized, 2) The gain or loss recognized, 3) the adjusted basis to the

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For each of the listed transactions list: 1) the gain or loss realized, 2) The gain or loss recognized, 3) the adjusted basis to the seller. a. George sells a business vehicle (adjusted basis $15,000) to his niece, Jenny for its fair market value of $8,000. He used the vehicle solely for business in his sole proprietorship. b. Henry sells Whopper, Inc. stock (adjusted basis $25.000) to his son Will for its fair market value of $15,000.00. c. Grant sells his office building and land (adjusted basis $50,000) to Bailey, his daughter, for its fair market value of $150,000.00 d. Blane sells his bakery equipment (adjusted basis $10,000) to his friend Larry for $35,000 e. Jennifer inherits stock from her grandmother. Her grandmother's basis in the stock was $20,000. The fair market value of the stock on the day grandmother died was $150,000. The fair market value on the day Jennifer received the stock was $100,000 f. As compensation for services, Wanda buys a trailer from her employer for $40,000 that has a fair market value of $150,000. The employer's basis in the trailer was 0

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