Detcrmine the basis of stock in the tands of the sharcholder in cach of the following instances. Assume that the 80% rule is met in all cases. a. Contribution of property with a basis of $1.000 and an FMV of $1.400. b. Contribution of property with a basis of $3,000 and an FMV of $3.800. The stockholder also received $500 cash from the corporation as part of the stock transaction. Contribution of property with a basis of $8,200 and an FMV of $12.500. The stock- holder also received property with an kiMV of $1.700 from the corporation as part of the stock transachion. d. Contribution of a building with an FMV of $200.000. a mortgage assumed by the corporation) of $100.000 and a basis of S19s on Contribution of a building with an FMV of $1.700.000, a mortgage (assumed by the corporation) of $1.000.000, and a basis of $635.000.
Detcrmine the basis of stock in the tands of the sharcholder in cach of the following
instances. Assume that the 80% rule is met in all cases.
a. Contribution of property with a basis of $1.000 and an FMV of $1.400.
b. Contribution of property with a basis of $3,000 and an FMV of $3.800. The stockholder
also received $500 cash from the corporation as part of the stock transaction.
Contribution of property with a basis of $8,200 and an FMV of $12.500. The stock-
holder also received property with an kiMV of $1.700 from the corporation as part of
the stock transachion.
d. Contribution of a building with an
FMV of $200.000. a mortgage assumed by the
corporation) of $100.000 and a basis of S19s on
Contribution of a building with an FMV of $1.700.000, a mortgage (assumed by the
corporation) of $1.000.000, and a basis of $635.000.
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