An investor is forming a C corporation and will be contributing $100,000 in start up cash and a 2000 square-foot warehouse valued at $600,000. The warehouse we used for manufacturing hospital supplies. What is the value transference and is this taxable or not, and or to the corporation or the individuals giving the property to the corporation. Did Congress craft a provision that allows corporations and their shareholders to avoid taxation on these transactions permanently, or did it have something else in mind?