Question
Dale transferred property for 20% of a corporations stock. The propertys basis is $25,000 and the FMV of the stock is $40,000. What is Dales
Dale transferred property for 20% of a corporations stock. The propertys basis is $25,000 and the FMV of the stock is $40,000. What is Dales realized and recognized gain from the transfer of property?
| Realized Gain | Recognized Gain |
| Realized Gain $15,000 | Recognized Gain $0 |
| Realized Gain $15,000 | Recognized Gain $15,000 |
| Realized Gain $0 | Recognized Gain $0 |
| Realized Gain $0 | Recognized Gain $15,000 |
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Fundamentals Of Taxation 2015
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
8th Edition
9781259293092
