In the current year, Jose, Karla, Lacey, and Mick transfer the following property to Garry Corporation (an existing corporation), which is owned equally by the four transferors. View the four transfers. Read the requirements, (Complete all input field5. Enter a 0 for any zero amounts.) parentheses. If no gain or loss is recognized, make sure to enter a 0 in the appropriate input field and select "N/A" as the character of the gain or loss.) Amount of Jose's gain or loss recognized Character of Jose's gain or loss Transfers Amount of Jose's basis in the Garry stock Amount of Jose's basis in the marketable securities Garry's basis in the land and building Jose transfers land and a building with a

In the current year, Jose, Karla, Lacey, and Mick transfer the following property to Garry Corporation (an existing corporation), which is owned equally by the four transferors. View the four transfers. Read the requirements. (Complete all input fields. Enter a 0 for any zero amounts.) Transfers parentheses. If no gain or loss is recognized, make sure to enter a 0 in the appropriate input field and select "N/A" as the character of the gain or loss.) - Jose transfers land and a building with a $74,000 adjusted basis and a $144,000FMV for additional Garry stock having an $84,000FMV and $60,000 of marketable securities having an adjusted basis of $17,000 in Garry's hands. $50,000 of MACRS straight-line depreciation on the building was claimed by Jose prior to the transfer. - Karla transfers equipment with a $156,000 adjusted basis and a $144,000 FMV for additional Garry stock having an $84,000 FMV and a $60,000 20-year Garry note. $35,000 of MACRS depreciation on the equipment was claimed by Karla prior to the transfer. - Lacey transfers inventory with a $72,000 adjusted basis and a $144,000 FMV for additional Garry stock having an $84,000FMV and $60,000 cash. - Mick transfers land with a $35,000 adjusted basis and a $144,000FMV, subject to a $48,000 mortgage, which Garry assumes, for additional Garry stock having a \$96,000 FMV