Hosha exchanges all of her leaf stock for petal stock plus $5,000 cash. the exchange is pursuant to a tax-free reorganization. hosha paid $25,000 for the leaf stock five years ago. the petal stock received by hosha has an $18,000 fair market value. if an amount is zero, enter "0".
a. what is hosha's realized and recognized gain/loss from the reorganization

Respuesta :

her realized loss is 18K-5K=13K-25K=-12K 
her recognized loss is -5K 
her postponed loss is -12K-(5)=-7k
basis in petal stock= 18K-(7)=25K
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