Mathematics, 14.10.2019 18:10 sunshinesmile71
Yvonne and simon form ion corporation. yvonne transfers equipment (basis of $206,800 and fair market value of $310,200). simon invests $248,160 of cash. they each receive 100 shares in ion corporation, worth $248,160, but yvonne also receives $62,040 in cash from ion.
calculate ion corporation's basis in the equipment and determine yvonne and simon's basis in the ion stock.
ion corporation has a basis of $ the equipment. yvonne has a basis of $ her stock and simon has a basis of $ for his stock.
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Yvonne and simon form ion corporation. yvonne transfers equipment (basis of $206,800 and fair market...
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