Individual A contributes property with an adjusted basis of $500 and a FMV of $2,000 to a newly formed corporation on January 1st, 2018 in exchange for 1,500 shares of common stock and a note receivable in the amount of $500 payable in 3 years with adequate stated interest. In order to diversify her interest in the property, A pre-arranged to sell 50% of her stock to B on July 1st, 2018. A's basis in her shares is: