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1 Required information [ The following information applies to the questions displayed below. ] Zhang incorporated her sole proprietorship by transferring inventory, a building, and

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[The following information applies to the questions displayed below.]
Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted tax bases:
\table[[,FMV,\table[[Adjusted Tax],[Basis]]],[Inventory,$36,000,$18,000
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