Individual A transfers land worth $100,000 (with a basis of $25,000, acquired 5 years ago as an investment)) to a corporation in exchange for 90% of its stock which is worth $90,000. The corporation also transfers to A bonds worth $10,000.

1) What is As gain realized on the transfer ? 2) What if anything is As gain recognized on the transfer ? 3) Would the answer to the previous question (recognized gain) change, and if so, what would the new answer be, if As Basis in the land was $115,000 ?

4) Assume the original facts. What is A's basis in the stock ?

5 What is A's holding period in the stock ?

6 What is A's basis in the bonds ?

7) What is A holding period in the bonds ?

8) What is the corporation's basis in the land ?

9) What is the corporation's holding period in the land ?