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Business, 06.08.2019 01:10 gabbycasey102

Julian transferred 100 percent of his stock in lemon company to apricot corporation in a type b stock-for stock exchange. in exchange, he received stock in apricot with a fair market value of $200,000. julian's tax basis in the lemon stock was $400,000. what amount of loss does julian recognize in the exchange and what is his basis in the apricot stock he receives?

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