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SHOW ALL WORK Brian incorporates his sole proprietorship. He transfers the following items to the Sind Corp. in exchange for 100% of the corporation's stock.

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Brian incorporates his sole proprietorship. He transfers the following items to the Sind Corp. in exchange for 100% of the corporation's stock. Assets Adjusted Basis Fair Market Value Equipment $ 70,000 Land 90,000 $ 75,000 80,000 What is the loss recognized by Brian? What is the basis of the land to the Sind Corp.? What is the basis of the stock to Brian

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