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Brian received shares of stock in exchange for services that he provided to KWP Corp. Since he recently began his own business, he was offering
Brian received shares of stock in exchange for services that he provided to KWP Corp. Since he recently began his own business, he was offering this service for $950, but the fair market value of the service was $1,050. The fair market value of the stock was $800 when he began the work, but had to $850 when he finished the job and the stock was transferred. What is Brian's basis in the KWP stock
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