Scott transfers to Wildlife Corporation property having a $36,000 adjusted basis and a $55,000 FMV in exchange for all of Wildlife's stock worth $15,000 and Wildlife's assumption of a $40,000 mortgage on the property Read the requirements Requirement a. What is the amount of Scott's recognized gain or loss? Scott realizes a(n) and recognizes Requirement b. What is Scott's basis in the Wildlife stock? Scott's basis in the Wildlife stock is Requirement c. What is Wildlife's basis in the property? Wildlife's basis in the property is Requirement d. How would your answers to Parts a through c change if the mortgage assumed by Wildlife were $15,000 and the Wildlife stock were worth $40,000? Choose from any list or enter any number in the input fields and then continue to the next question Scott transfers to Wildlife Corporation property having a $36,000 adjusted basis and a $55,000 FMV in exchange for all of Wildlife's stock worth $15,000 and Wildlife's assumption of a $40,000 mortgage on the property Read the requirements. WHITE SVODID HI properly Requirement d. How would your answers to Parts a through c change if the mortgage assumed by Wildlife were $15,000 and the Wildlife stock were worth $40,000? a. What is the amount of Scott's recognized gain or loss? Scott recognizes b. What is Scott's basis in the Wildlife stock? Scott's basis in the Wildlife stock c. What is Wildlife's basis in the property? Wildlife's basis in the property is Choose from any list or enter any number in the input fields and then continue to the next question VIURE DU Scott transfers to Wildlife Corporation property having a $36,000 adjusted basis and a $55,000 FMV in exchange for all of Wildlife's stock worth $15,000 and Wildlife's assumption of a $40,000 mortgage on the property. Read the regu - X Requirements Requirement 000 and the Wildlife sto What is the amount of Scott's recognized gain or loss? a. What is the b. What is Scott's basis in the Wildlife stock? What is Wildlife's basis in the property? Scott recogni d. How would your answers to Parts a through c change if the mortgage b. What is Soo assumed by Wildlife were $15,000 and the Wildlife stock were worth $40,0007 Scott's basis a. C. c. What is Will Wildlife's basi Print Done Choose from