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if you transfer land with a $60,000 basis and $75,000 fair market value to ABC Corp in exchange for 90% of ABC's stock. What is

if you transfer land with a $60,000 basis and $75,000 fair market value to ABC Corp in exchange for 90% of ABC's stock. What is your Basis in your ABC corp stock?

A. $15,000

B. $75,000

C. $60,000

D.$0

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