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Auan tiansters 5100,000 of equipment (basis of 530,000 ) to XYZ and gets 50%5 of the stock Juanita transters 560.000 in cash to the corporation.

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Auan tiansters 5100,000 of equipment (basis of 530,000 ) to XYZ and gets 50%5 of the stock Juanita transters 560.000 in cash to the corporation. After she transfers the caith, Juan withdrow $20000 so that they are both putting up S80,000. These all occurred as one transaction. is this a Section 351 transaction Which answer test fits this scenario? a. Ves, no sevices transtered and both lad 100s at the end of the tramection b. No, cath back taints the transaction, sthe would harn given him the cash before putting it in the corporation C. Vex and the corpolation has s gain of $20,000 to ieport d. Ves, it ia a ist but tuan has boot of 520,000 that he will have to pay tar onh 14. No, this tromaction canot be saved, 1 velotes about 3351 nules

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