Question: If As adjusted basis in the contributed property in 10 above was $45,000 instead of $10,500 As realized gain is $ ________________ As recognized gain

If As adjusted basis in the contributed property in 10 above was $45,000 instead of $10,500

As realized gain is $ ________________

As recognized gain is $ ________________

If the contributed property was investment property held by A for many years the gain would most likely be categorized as ________________

If As Adjusted basis in the contributed property was $55,000

A would recognize a gain of $ ________________

A would recognize a loss of $ ________________

Give Code Section to b. above ________________

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