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Kate transfers to her controlled corporation property with an adjusted basis of $10,000 in exchange for stock of the corporation with a fair market value

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Kate transfers to her controlled corporation property with an adjusted basis of $10,000 in exchange for stock of the corporation with a fair market value of $8,000, $3,000 cash, and the assumption by the corporation of the indebtedness of Kate amounting to $4,000. Note: Type answers in the following format 1,000 no $ but use commas. a. What is Kate's realized gain? b. What is Kate's recognized gain? c. What is the corporation's basis for the property received? d. What is Kate's basis for her stock

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