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If As adjusted basis in the contributed property in 10 above was $45,000 instead of $10,500 As realized gain is $ ________________ As recognized gain
If As adjusted basis in the contributed property in 10 above was $45,000 instead of $10,500
As realized gain is $ ________________
As recognized gain is $ ________________
If the contributed property was investment property held by A for many years the gain would most likely be categorized as ________________
If As Adjusted basis in the contributed property was $55,000
A would recognize a gain of $ ________________
A would recognize a loss of $ ________________
Give Code Section to b. above ________________
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