Amil and Rebecca form Hyde Corporation with the following consideration: Regarding these transactions, provide the following information: If an...

Amil and Rebecca form Hyde Corporation with the following consideration:

Regarding these transactions, provide the following information:

If an amount is zero, enter "0".

a. Amil's recognized gain or loss is $.____

b. Amil's basis in the Hyde Corporation stock is $.____

c. Hyde Corporation's basis in the installment note is $.____

d. Rebecca's recognized gain or loss is $.____

e. Rebecca's basis in the Hyde Corporation stock is $.____

f. Hyde Corporation's basis in the building is $. Its basis in the land is $.____

g. Would your answers to the preceding questions change if Amil received common stock and Rebecca received nonqualified preferred stock?____(Yes/No)

h. Would your answers change if Rebecca was a partnership instead of an individual?

____(Yes/No), because there ____(is a/is no) requirement that the transferors be individuals.