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Consideration Transferred Number of Shares Issued Basis to Fair Market Value Transferor From Janice- Cash $125,000 $125,000 Machinery 210,000 400,000 525 From Thom- Cash Building
Consideration Transferred Number of Shares Issued Basis to Fair Market Value Transferor From Janice- Cash $125,000 $125,000 Machinery 210,000 400,000 525 From Thom- Cash Building Land $200,000 390,000 110,000 $200,000 280,000 90,000 570 e. Thom's basis in the Conestoga Corporation stock is s Conestoga Corporation's basis in the building is X. Its basis in the land is
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