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Rebecca holds 1 0 0 shares of Gotchas stock that she purchased for $ 4 , 5 0 0 several years ago. In a merger
Rebecca holds shares of Gotchas stock that she purchased for $ several years ago. In a merger of Gotchas into Solis, Inc.,
Rebecca exchanges her Gotchas shares for Solis shares and $ Gotchas is valued at $ per share and Solis at $ per
share.
a What is Rebecca's realized and recognized gainloss from the reorganization?
The exchange of Rebecca's stock
income tax consequences for Gotchas or Solis.
b What is Rebecca's basis in her Solis stock?
$
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