$8,000FMV. Requirements a. What are the amount and character of Nicole's recognized gain...
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$ Requirements a What are the amount and character of Nicole's recognized gain or loss? b What are Nicole's bases in the Parker stock and note? c What is Parker's basis in the machinery? Read the requirements. Requirement a What are the amount and character of Nicole's recognized gain or loss? Begin by identifying Nicole's realized gain or loss and recognized gain or loss. Enter a loss with a minus sign or parentheses. Nicole's realized gain loss Nicole's recognized gain loss 
$ Requirements
a What are the amount and character of Nicole's recognized gain or loss?
b What are Nicole's bases in the Parker stock and note?
c What is Parker's basis in the machinery?
Read the requirements.
Requirement a What are the amount and character of Nicole's recognized gain or loss?
Begin by identifying Nicole's realized gain or loss and recognized gain or loss. Enter a loss with a minus sign or parentheses.
Nicole's realized gain loss
Nicole's recognized gain loss
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