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Suppose alternatively that Claire contributed a solid waste truck with a basis of $ 1 5 0 , 0 0 0 and a fair market
Suppose alternatively that Claire contributed a solid waste truck with a basis of $ and a fair market value of $ a liquid waste truck with a basis of $ and a fair market value of $ and a bulldozer with a basis of $ and a fair market value of $ in exchange for shares of voting common stock. Don contributed land with a basis of $ and a fair market value of $ in exchange for shares of voting common stock. What are the tax consequences to Claire, Don, and Y Corporation as a result of the formation of the corporation?
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