Question
Rebecca holds 100 shares of Gotcha stock that she purchaes for $1000 several years ago. In a merger of Gotchas into Solis, Inc, Rebecca exhanges
Rebecca holds 100 shares of Gotcha stock that she purchaes for $1000 several years ago. In a merger of Gotchas into Solis, Inc, Rebecca exhanges her 100 Gotcha shares for 1000 Solis shares and $500. Gotcha is valued at $40 per share and Solis at $3.50 per share.
A. What is Rececca's realized and recognized gain/loss from the reorganization?
B. What is Rebecca's basis in her Solis stock?
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Investment Grade Energy Audit Making Smart Energy Choices
Authors: Shirley J. Hansen, James W. Brown
1st Edition
0824709284, 978-0824709280
