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Determine the basis of stock in the hands of the shareholder in each of the following instances. Assume that the 80% rule is met in

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Determine the basis of stock in the hands of the shareholder in each of the following instances. Assume that the 80% rule is met in all cases. Required: a. Contribution of property with a basis of $1,700 and an FMV of $2,100. b. Contribution of property with a basis of $4,400 and an FMV of $6,040. The stockholder also received $1,200 cash from the corporation as part of the stock transaction. C. Contribution of property with a basis of $8,900 and an FMV of $13,900. The stockholder also received property with an FMV of $2,400 from the corporation as part of the stock transaction. d. Contribution of a building with an FMV of $235,000, a mortgage (assumed by the corporation) of $135,000, and a basis of $195,000. e. Contribution of a building with an FMV of $1,770,000, a mortgage (assumed by the corporation) of $1,070,000, and a basis of $670,000. Amount a. 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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