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Taxpayer puts in $2,000,000 of assets (FMV) into a corporation in exchange for another asset. His basis is $600,000. He also gets $700,000 in cash
Taxpayer puts in $2,000,000 of assets (FMV) into a corporation in exchange for another asset. His basis is $600,000. He also gets $700,000 in cash (plus the stock) If this transaction is deferred calculate the following:
Realized gain/ loss:
Recognized gain/ loss:
Basis in new asset to the shareholder:
Realized gain/ loss:
Recognized gain/ loss:
Basis in new asset to the shareholder:
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
