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In 2011 dick, even and fran form triton corporation dick contributes land a capital asset having a $50,000 FMV in exchange for 50 shares of

In 2011 dick, even and fran form triton corporation dick contributes land a capital asset having a $50,000 FMV in exchange for 50 shares of triton stock. He purchased the land in 2009 for $60,000. What is the amount of Dick's recognized gain or loss? Dick realizes a $ (gain or Loss) and recognizes

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