Please answer Both.

Save & Exit Pedro redeemed some of his stock in Capstone Industries, a corporation. He owned 55% percent of the shares before the redemption. In order for this stock redemption to receive favorable tax treatment, it must be deemed a disproportionate stock redemption. In order for this redemption to be considered disproportionate, at least one of the four tests under $302(6) must be passed. Which of the following code sections will play a critical role in Pedro passing the test under $302b)(2)2 Multiple Choice 5301 O 5312 5318 None of the above In 2012, Maria Lopez transferred a building and land to Stronghold Plumbing, Inc. in o 5351 transfer. The adjusted tax basis of the building and land to Maria was $400,000 and $125,000, respectively, on the date of transfer. The fair value of the building and land on the date of transfer was $500,000 and $150,000, respectively. Maria received stock with a fair value of $650,000 on the dote of the transfer, Mari had over 80% ownership immediately after the transfer. After the transfer, the contributed capital account was $900,000 and has not substantially changed. In the last five years, Stronghold has been losing money. In 2019, Maria decides to sell all her shares to an unrelated party for $425,000. On the 2019 Individual tax return, Maria should report a: Multiple Choice $50,000 ordinary loss and a $50,000 capital oss $100,000 capital loss $100,000 ordinary loss None of the above