Check Required information [The following information applies to the questions displayed below) Ivan incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted bases Inventory Building Land Total FHV $ 13,300 58,500 73,000 $144,300 Adjusted Basis $20,250 39,750 39 250 $99, 250 1 nces The fair market value of the corporation's stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Ivan The transaction met the requirements to be tax-deferred under $351 a. What amount of gain or loss does Ivan reanze on the transfer of the property to his corporation? (Negative amount should be Indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Gain or loss realizad 34 of 15 1! Next > The following information applies to the questions displayed below] 2 of 4 Ivan incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted bases Inventory Building Land Total FMV $ 13,500 58,500 23,000 5144,000 Adjusted Basis $20,250 39,750 39,250 395.250 Him The fair market value of the corporation's stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Ivan The transaction met the requirements to be tax-deferred under $351 b. What amount of gain or loss does van recognize on the transfer of the property to his corporation? (Negative amount should be indicated by a minus sign. Leave no answer blank Enter zero if applicable) Gay or los recogid MAE

Required information The following information applies to the questions displayed below. Ivan incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted bases: Inventory Building Land Total FHV $ 13,300 58,500 73.000 $144,800 Adjusted Basis $20,250 39,750 39.250 $99,250 The fair market value of the corporation's stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Ivan The transaction met the requirements to be tax.deferred under $351 c. What is Ivan's basis in the stock he receives in his corporation? (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Tax besla 4 The following information applies to the questions displayed below) Ivan incorporated his sole proprietorship by transferring inventory, a building and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following for market values and adjusted bases Part 4 of 4 0.33 points Tnventory Building Land Total FMV $ 13,00 58,500 23,000 $144,860 Adjusted Basis $20,250 39,750 39, 250 599,250 Hi The for market value of the corporation's stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Ivan. The transaction met the requirements to be tax deferred under 8351 d. What is the corporation's adjusted basis in each of the assets received in the exchange? (Negative amount should be indicated by & minus sign. Leave no answer blank Enter zero if applicable) Inventory Building Land Adjusted basis