there are two questions about recognization in tax. I think these two are similar, but the answer is different. So I want to make sure is there any rule I lost.

84. Harry and Sally formed Empire Corporation on January 2. Harry contributed cash of $500,000 in return for 50 percent of the corporation's stock. Sally contributed a building and land with the following fair market values and adjusted basis in return for 50 percent of the corporation's stock. FMV Adjusted basis Building 180,000 150,000 Land 420,000 500,000 Total $600,000 $650,000 To equalize the exchange, Empire Corporation paid Sally $100,000 in addition to her stock. a. What amount of gain or loss does Sally realize on the formation of the corporation? b. What amount of gain or loss, if any, does she recognize? c. What is Sally's tax basis in the stock she receives in return for her contribution of property to the corporation? d. What adjusted basis does Empire Corporation take in the land and building received from Sally? a. $50,000 loss realized b. $30,000 gain is recognized. Sally allocates the $100,000 boot between the building and land based on relative FMV. The boot allocated to the building is $30,000 ($100,000 $180/$600). Gain recognized is the lesser of the gain realized or boot received. No loss is recognized on the transfer of the land. c. $580,000 d. Building: $180,000 ($150,000 + $30,000 gain); Land: $450,000 Feedback: A. Fair market value of $500,000 stock received + Cash received 100,000 from Empire Amount realized - Adjusted tax basis $600,000 650,000 of the property transferred Loss realized ($50,000) B. The gain (but not loss) recognized is the lesser of the gain realized or the boot received. C. Adjusted basis of $650,000 property transferred Plus gain recognized 30,000 Less boot received (100,000) - Adjusted tax basis $580,000 of the stock received D. The corporation receives a carryover basis in the land received from Sally, reduced by the aggregate net $50,000 built-in loss on the assets transferred, which is allocated to the land. The corporation increases the carryover basis in the building transferred by the gain recognized by Sally on the transfer. Building 180,000 Land ($500,000 - $50,000 450,000 [LO 2] Ron and Hermione formed Wizard Corporation on January 2. Ron contributed cash of $200,000 in return for 50 percent of the corporation's stock. Hermione contributed a building and land with the following fair market value and adjusted basis in return for 50 percent of the corporation's stock. Building Land Total FMV $ 75,000 175,000 $ 250,000 Adjusted Basis $ 20,000 80,000 $ 100,000 Assume Hermione's adjusted basis in the land was $250,000. h. What amount of gain or loss does Hermione realize on the formation of the corporation? What amount, if any, does she recognize? Hermione realizes a loss of $(20,000) on this transfer, computed as follows: Fair market value of stock received + Cash received Amount realized - Adjusted tax basis of assets transferred Loss realized $200,000 50,000 $250,000 270,000 $( 20,000) Hermione does not recognize the loss (boot received does not allow the transferor to recognize loss, only gain). i. What adjusted basis does Wizard Corporation take in the land and building received from Hermione? The corporation receives a carryover basis in the assets received from Hermione, reduced by the aggregate net built-in loss on the assets transferred, which is allocated to the land. Building Land ($250,000 - 20,000) Total (equal to the assets' fair market value) 20,000 230,000 $250,000