Heather sells land (adjusted basis $273,200; fair market value, $355,160) to a partnership in which she controls an 80% capital interest. The partnership pays her only $191,240 for the land.

a. Heather's $___________ realized loss is which she cannot recognize.

b. The partnership later sells the land to a third party for $300,520. The partnership has a realized gain of $_________and a recognized gain of $________ on its sale of the land.

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