How is the basis in boot stock and securities received by a shareholder determined? How is the basis in boot property determined? How is the basis in boot stock and securities received by a shareholder determined?

A. For nonrecognition property, adjusted substituted basis.

B. For nonrecognition property, residual value.

C. For nonrecognition property, adjusted substituted basis, decreased by the amount of money received and the FMV of any other boot property received.

D. For nonrecognition property, FMV.