Plaintiff brought suit and unless otherwise indicated successfully recovered. Discuss the tax consequences in the alternative following situations:

(a) Plaintiffs suit was based on a recovery of an $8,000 loan made to Debtor. Plaintiff recovered $8,500 cash, $8,000 for the loan plus $500 of interest.

(b) What result to Debtor under the facts of (a), above, if instead Debtor transferred some land worth $8,500 with a basis of $2,000 to Plaintiff to satisfy the obligation? What is Plaintiffs basis in the land?

(c) Plaintiffs suit was based on a breach of a business contract and Plaintiff recovered $8,000 for lost profits and also recovered $16,000 of punitive damages.

(d) Plaintiffs suit was based on a claim of injury to the goodwill of Plaintiffs business arising from a breach of a business contract. Plaintiff had a $4,000 basis for the goodwill. The goodwill was worth $10,000 at the time of the breach of contract.