The stock of Eagle,Inc.is owned as follows:
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:
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.is Owned as Follows