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Moustapha transfers a capital asset with a $20,000 adjusted basis to X Corp in a Section 351 transaction. In exchange. Moustapha receives 100 shares of
Moustapha transfers a capital asset with a $20,000 adjusted basis to X Corp in a Section 351 transaction. In exchange. Moustapha receives 100 shares of Class A Common Stock with a FMV of $10,000 and 100 shares of Class B Common Stock with a FMV of $30,000. What is Moustapha's total basis in the Class B Common Stock
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