On question B, C, and D the box is gain/loss

In March of Year 2, Martin contributed the following two properties, which he acquired in February of Year 1, to Boston Corporation in exchange for additional Boston stock (1) land having a $52,000 FMV and a $72,000 basis and (2) another property having an $84,000 FMV and a $75,000 adjusted basis. Boston' employees use the land as a parking lot until Boston sells it in March of Year 3 for $45,000. One month after the sale, in April of Year 3, Boston adopts a plan of liquidation. (Assume that the properties were contributed to Boston in a Sec. 351 transaction. Assume that the second property contributed by Martin was not land.) Read the requirements (Enter all amounts, even losses, as a positive number.) CHI Requirement a. What is Boston' adjusted basis in the land immediately after its contribution in March of Year 2? Requirements Boston' adjusted basis in the land immediately after its contribution in March of Year 2 is Requirement b. What is Boston' recognized gain or loss on the subsequent land sale? Boston recognizes a on the subsequent sale land Requirement c. How would your answer to Part b change if the land were not used in Boston' trade or business? a. What is Boston' adjusted basis in the land immediately after its contribution in March of Year 2? b. What is Boston' recognized gain or loss on the subsequent land sale? C. How would your answer to Part b change if the land were not used in Boston trade or business? d. How would your answer to Part C change if Martin contributed the land and other property in March of Year 1 instead of March of Year 2? e. How would your answer to Partc change if the corporation sold the land (contributed in March of Year 2) for $75,000 instead of $45,000? If the land were not used in Boston' trade of business, Boston recognizes a on the subsequent sale of land. Requirement d. How would your answer to Part c change if Martin contributed the land and other property in March of Year 1 instead of March of Year 2? Boston recognizes a If Martin contributed the land and other property in Year 1 instead of Year on the subsequent sale of land. Print Print Done Requirement e. How would your answer to Part C change if the corporation sold the land (contributed in March of Year 2) for $75,000 instead of $45,000? If the land were not used Boston' trade of business, and the corporation sold the land (contributed in March of Year 2) for $75,000 instead of $45,000 Boston recognizes a on the subsequent sale of land