February 21, 2017

Homework Help: Tax Questions

Posted by John on Monday, April 20, 2009 at 6:08pm.

Ms. Pinellla contributed property (adjusted basis $50,000, FMV $84,000) to Price Inc. in exchange for 200 shares of its stock (FMV=$74,000) and $10,000 cash. This exchange qualified under Section 351. Her adjusted basis in the Price stock is?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions