a shareholder owns a building with an original cost of $90,000 amd a fair market value of $150,000. The shareholder wishes to transfer the building to the corporation and avoid tax on the transfer. How can this be done?

a. sell the building to the corporation for $90,000.

b. It cannot be done. You must transfer the building at fair market value.

c. elect the transfer price of the building at $90,000.

d. sell the building to an arm's length price.