Rebecca holds 100 shares of Gotchas stock that she purchased for $4,100 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $820. Gotchas is valued at $90.20 per share and Solis at $8.20 per share.

a. What is Rebecca's realized and recognized gain/loss from the reorganization?

The exchange of Rebeccas stock has no income tax consequences for Gotchas or Solis.

b. What is Rebecca's basis in her Solis stock?

Please help me find the basis, it seems all previous calculations I have made are incorrect.

Rebecca holds 100 shares of Gotchas stock that she purchased for $4,100 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $820. Gotchas is valued at $90.20 per share and Solis at $8.20 per share. a. What is Rebecca's realized and recognized gain/loss 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