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Title: Individuals Julie and Brandon form JB Corporation. Julie transfers land and a building with a ... Post by: Augustus1 on Jan 10, 2017 Individuals Julie and Brandon form JB Corporation. Julie transfers land and a building with a $350,000 adjusted basis and a $425,000 FMV in exchange for 50% of the stock of the JB Corporation worth $410,000 and a $15,000 note. Brandon transfers equipment with a $390,000 adjusted basis and a $425,000 FMV for 50% of the stock worth $410,000 and a note of the JB Corporation valued at $15,000. Brandon's basis in the stock received is
A) $350,000. B) $390,000. C) $410,000. D) $425,000. Title: Re: Individuals Julie and Brandon form JB Corporation. Julie transfers land and a building with a ... Post by: MsLippy on Jan 10, 2017 Content hidden
Title: Re: Individuals Julie and Brandon form JB Corporation. Julie transfers land and a building with a ... Post by: Augustus1 on Mar 19, 2017 I'm forever indebted to you!
THANKS |