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Stanley created a corporation as a sole shareholder to manage his real estate investments and transferred to the corporation property for which he had a
Stanley created a corporation as a sole shareholder to manage his real estate investments and transferred to the corporation property for which he had a basis of $50,000, and which had a fair market value of $250,000. No cash was transferred by either party. What will be his basis in the stock he receives from the corporation? $0 $50,000 $200,000 $250,000
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