Question
Roberta transfers property with a tax basis of $497 and a fair market value of $525 to a corporation in exchange for stock with a
Roberta transfers property with a tax basis of $497 and a fair market value of $525 to a corporation in exchange for stock with a fair market value of $376 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $149 on the property transferred. What is the amount realized by Roberta in the exchange?
A. 263
B. 525
C. 376
4. 497
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
11th Edition
1032241829, 978-1032241821
