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Bob owns all 5 0 shares of Max company, valued at 5 0 , 0 0 0 . His friend, Lee owns equipment worth 5

Bob owns all $50$ shares of Max company, valued at $50, 000 .$ His friend, Lee owns equipment worth $50, 000 .$ Lee's adjusted basis in the equipment is $20, 000 .$ Lee transfers the equipment to max co $.$ In exchange for $50$ shares Lee has?

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Bob owns all 5 0 shares of Max company, valued at 5 0 , 0 0 0 . His friend, Lee owns equipment worth 5

Bob owns all 50 shares of Max company, valued at 50,000. His friend, Lee owns equipment worth 50,000. Lee's adjusted basis in the equipment is 20,000. Lee transfers the equipment to max co. In exchange for 50 shares Lee has?

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Bob owns all $50$ shares of Max company, valued at $50, 000 .$ His friend, Lee owns equipment worth $50, 000 .$ Lee's adjusted basis in the equipment is $20, 000 .$ Lee transfers the equipment to max co $.$ In exchange for $50$ shares Lee has?