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Tiger forms a corporation by transferring land worth $50,000 for 100% of the stock in the corporation. Tiger paid $60,000 for the land. How much

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Tiger forms a corporation by transferring land worth $50,000 for 100% of the stock in the corporation. Tiger paid $60,000 for the land. How much gain or loss do Tiger and the corporation recognize on the transfer? Paw forms a corporation by transferring land worth $50,000 for 100% of the stock in the corporation. Paw paid $30,000 for the land. How much gain or loss do Paw and the corporation recognize on the transfer

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