Question - Bronze Corporation's stock is held equally by three brothers, Mitchell, Alex, and Ron. Four years ago, the brothers transferred to Bronze Corporation land in which they had owned equal interests. The transfer of the land (basis of $260,000, fair market value of $300,000) qualified under § 351. Pursuant to a liquidation in the current year, Bronze distributed the land pro rata to the three brothers. The land had a fair market value of $215,000 on the date of the distribution. What amount of loss may Bronze Corporation recognize on the distribution of the land?