XYZ Inc
Assume No Special Rules. Equipment – Basis 100k, FMV 200k. Jim. XYZ Inc. 100 Shrs Common Stock. 1. Jim recognizes 100k gain. 2. Corp recognizes 200k gain. 3. Jim basis in stock 200k, new holding period. 4. Corp’s basis in equipment 200k, new holding period.
346 views • 22 slides