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4.) Determine the ending basis of stock in the hands of the shareholder in the following instance. Assume that the 80% rule is met. Contribution
4.) Determine the ending basis of stock in the hands of the shareholder in the following instance. Assume that the 80% rule is met. Contribution of a building with an FMV of $3,400,000, a mortgage (assumed by the corporation) of $2,000,000, and a basis of $1,27,000. The shareholder also received $100,000 in cash
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