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Time left 1:08:07 Question 33 Not yet wered Marked out of 100 What is the stock basis for the following transactions? Ricky and Lucy form

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Time left 1:08:07 Question 33 Not yet wered Marked out of 100 What is the stock basis for the following transactions? Ricky and Lucy form a new corporation Ricky transters land ($30,000 basis and FMV of $70,000) and gets back $10,000 in cash Lucy transfers cash of $60,000 Fao question O a. Ricky's basis is $30,000 and Lucy's is $30,000 Obi Ricky's basis is $60,000 and Lucy's is $30,000 OG. All taxable Od Ricky's basin is $20,000 and Lucy's is $60,000 O e Ricky's basis is $40,000 and Lucy's is $60,000 O Ricky's basis is $30,000 and Lucy's is $60,000 Og Ricky's bani la $60,000 and Lucy's basis is $60,000 D

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