The stock of Eagle, Inc. is owned as follows: $\begin{array}{lr}
\text { Tom } & 23 \% \text { Tom's uncle } \
22 \% \text { Tom's daughter } & 7 \% \text { Tom's } \
\text { sister } & 15 \% \text { Tom's spouse } \
15 \% \text { Tom's nephew } & 8 \% \text { Tom's }\
\text { CPA, unrelated }&10\%
\end{array}$ Tom sells land and a building to Eagle, Inc. for $212,000. His adjusted basis for these assets is $225,000. Calculate
Tom's realized and recognized loss associated with the sale.

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The Answer of The stock of Eagle, Inc. is owned as follows: $\begin{array}{lr}
\text { Tom } & 23 \% \text { Tom's uncle } \
22 \% \text { Tom's daughter } & 7 \% \text { Tom's } \
\text { sister } & 15 \% \text { Tom's spouse } \
15 \% \text { Tom's nephew } & 8 \% \text { Tom's }\
\text { CPA, unrelated }&10\%
\end{array}$ Tom sells land and a building to Eagle, Inc. for $212,000. His adjusted basis for these assets is $225,000. Calculate
Tom's realized and recognized loss associated with the sale.

The Stock of Eagle, Inc Tom Sells Land and a Building to Eagle, Inc