mr. quick sold marketable securities with a $112,900 tax basis to his 100% owned corporation for $95,000 cash. which of the following statements is true? multiple choice if mr. quick can offer evidence that the fmv of the securities is $95,000, he can recognize his $17,900 realized loss. if mr. quick and his corporation negotiated the terms of the sale at arm's length, mr. quick can recognize his $17,900 realized loss. the corporation's tax basis in the securities is $112,900. none of these choices are true.
