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Nadia transfers to Hillside Corporation depreciable machinery originally costing $18,000 and now having a(n) $11,000 adjusted basis. In exchange, Nadia receives all 300 shares of

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Nadia transfers to Hillside Corporation depreciable machinery originally costing $18,000 and now having a(n) $11,000 adjusted basis. In exchange, Nadia receives all 300 shares of Hillside stock having a(n) $17,000 FMV and a three-year Hillside note having a(n) S9,000 FMV Read the reauirements. Requirement a. What are the amount and character of Nadia's recognized gain or loss? Nadia realizes a(n) $ | and recognizes a(n) $ Of the amount recognized, $ Requirement b. What are Nadia's bases in the Hillside stock and note? Nadia's basis in the note is and the basis in the stock is Requirement c. What is Hillside's basis in the machinery? Hillside corporation's basis in the machinery is [-] is ordinary in character and $ [] is capital in character

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