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Business, 15.02.2021 20:30 kadinmorgan

Trish and Ron form Pine Corporation. Trish transfers inventory (basis of $60,000 and fair market value of $110,000) for 50% of the stock in Pine. Ron transfers machinery (basis of $20,000 and fair market value of $60,000) and agrees to serve as manager of Pine Corporation for one year for 50% of the stock. What is Trish's basis in Pine Corporation after the exchange

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Trish and Ron form Pine Corporation. Trish transfers inventory (basis of $60,000 and fair market val...
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