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Title: Individuals Terry and Jim form TJ Corporation. Terry transfers land and a building with a $850,000 ... Post by: Augustus1 on Jan 10, 2017 Individuals Terry and Jim form TJ Corporation. Terry transfers land and a building with a $850,000 adjusted basis and a $930,000 FMV in exchange for 50% of the stock of the TJ Corporation worth $900,000 and a $30,000 note. Jim transfers equipment with a $890,000 adjusted basis and a $930,000 FMV for 50% of the stock worth $900,000 and a note of the TJ Corporation valued at $30,000. The basis of the equipment to TJ Corporation is
A) $890,000. B) $920,000. C) $940,000. D) $960,000. Title: Re: Individuals Terry and Jim form TJ Corporation. Terry transfers land and a building with a ... Post by: Yoko900 on Jan 10, 2017 Content hidden
Title: Re: Individuals Terry and Jim form TJ Corporation. Terry transfers land and a building with a $850,000 ... Post by: Augustus1 on Mar 19, 2017 You're a saint, honestly
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