Heather sells land (adjusted basis $84,200; fair market value, $109,460) to a partnership in which she controls an 80% capital interest. The partnership pays her only $58,940 for the land.
a. Heather's $___________ realized loss is which she cannot recognize.
b. The partnership later sells the land to a third party for $300,520. The partnership has a realized gain of $_________and a recognized gain of $________ on its sale of the land.