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What is Fredrick recognized gain

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Question - Fredrick transfers land worth $200,000, basis of $100,000, to a newly formed corporation, Relast Corporation, for all of Relast's stock, worth $125,000, and a 10-year note. The note was executed by Relast and made payable to Fredrick in the amount of $75,000. As a result of the transfer, what is Fredrick's recognized gain?

Reference no: EM132480561

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