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2 of 2 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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2 of 2 Required information 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: pped Adjusted Tax TMV Basle $ 20.000 $ 10,000 150,000 100,000 230,000 300,000 $ 400,000 $410,000 Inventory Building Land Total took The corporation also assumed a mortgage of $100.000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $300,000. The transaction met the requirements to be tax-deferred under 5351, (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable) b. What is Zhang's tax bosis in the stock she receives in the exchange? Tax basis

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