Question 7 EFG Corporation is owned 35% by Elf, 45% by Fido, 15% by Gus, and 5% by Highland Corp. Highland Corp is owned 60% by Elf and 40% by Fido. Fido is Elf's brother Name Elf Percentage ownership (direct and indirect Fido Gus Highland If Elf sells capital assets to EFG for a $25,000 loss, how much of this loss can be recognized for tax purposes? If Gus sells capital assets to EFG for a $30,000 foss, how much of this loss can be recognized for tax purposes