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On January 1, 2019, Beta Corporation acquires three properties from a shareholder that qualifies under IRC Sec 351. S/H Basis FMV Land 100,000 150,000 Building
On January 1, 2019, Beta Corporation acquires three properties from a shareholder that qualifies under IRC Sec 351. S/H Basis FMV Land 100,000 150,000 Building 400,000 500,000 Investments 700,000 300,000 What is the basis of each asset to Beta Corp? Land Building Investments
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