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KrugerCo. s merges into StoopsCo. under Delaware law. Prior to the merger, Kruger s assets are worth $ 5 M with a basis of $
KrugerCo.s merges into StoopsCo. under Delaware law. Prior to the merger, Krugers assets are worth $M with a basis of $M Krugers has two shareholders: Lon: ownership and Barbara: Lon receives $M of stock in Stoops and $M cash. Barbara receives $ worth of stock, and land worth $ that had a basis to Kruger of $ Lon has a $M basis in his Kruger shares and Barbara has a $ basis in hers. How much total taxable gain is recognized by each party to the transaction?
KrugerCo.s merges into StoopsCo. under Delaware law. Prior to the merger, Krugers assets are worth $M with a basis of $M Krugers has two shareholders: Lon: ownership and Barbara: Lon receives $M of stock in Stoops and $M cash. Barbara receives $ worth of stock, and land worth $ that had a basis to Kruger of $ Lon has a $M basis in his Kruger shares and Barbara has a $ basis in hers. How much total taxable gain is recognized by each party to the transaction?
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