Problem: Firm J sold marketable securities to Company B. Firm J's tax basis in the securities was $45,250. Compute Firm J's recognized gain or loss if a. The selling price was $60,000, and Firm J and Company B are unrelated parties. b. The selling price was $60,000, and Firm J and Company B are related parties. c. The selling price was $38,000, and Firm J and Company B are unrelated parties. d. The selling price was $38,000, and Firm J and Company B are related parties.