Newfound Partnership LLC is owned 25% each by Anne, her spouse, her father-in-law, and High-Flyer Corporation, in which Anne is a 50% shareholder. During the year, Newfound sells Anne some land with an inside basis of $50,000 and fair market value of $40,000. In the succeeding year, Anne sells the land to Baker for $45,000. Does IRC 704(b)(1) disallow the loss on Newfound's sale of the land to Anne? How much gain/(loss) does Anne recognize on the sale of the land to Baker