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Determine the basis of stock in the hands of the shareholder in each of the following instances. Assume that the 8 0 % rule is
Determine the basis of stock in the hands of the shareholder in each of the following instances. Assume that the rule is met in all cases.
Required:
a Contribution of property with a basis of $ and an FMV of $
b Contribution of property with a basis of $ and an FMV of $ The stockholder also received $ cash from the corporation as part of the stock transaction.
c Contribution of property with a basis of $ and an FMV of $ The stockholder also received property with an FMV of $ from the corporation as part of the stock transaction.
d Contribution of a building with an FMV of $ a mortgage assumed by the corporation of $ and a basis of $
e Contribution of a building with an FMV of $ a mortgage assumed by the corporation of $ and a basis of $
tableAmounta Shareholder's basis in stock,b Shareholder's basis in stock,c Shareholder's basis in stock,d Shareholder's basis in stock,e Shareholder's basis in stock,
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