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Amil and Rebecca form Hyde Corporation with the following consideration: Consideration Transferred Basis to Fair Market Number of Transferor Value Shares Issue From Amil- Cash
Amil and Rebecca form Hyde Corporation with the following consideration: Consideration Transferred Basis to Fair Market Number of Transferor Value Shares Issue From Amil- Cash $25,000 $25,000 Installment note 80,000 215,000 2,400 From Rebecca- Cash Building Land 60,000 300,000 31,000 60,000 400,000 40,000 5,000 Regarding these transactions, provide the following information: If an amount is zero, enter "O". a. Amil's recognized gain or loss is b. Amil's basis in the Hyde Corporation stock is c. Hyde Corporation's basis in the installment note is$ d. Rebecca's recognized gain or loss is $ e. Rebecca's basis in the Hyde Corporation stock is f. Hyde Corporation's basis in the building is Its basis in the land is
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