Business, 05.10.2019 02:20, whitakers87
Jeff and robert form ks ventures corporation. jeff transfers property (basis of $105,000 and fair market value of $90,000) while robert transfers land (basis of $8,000 and fair market value of $70,000) and $20,000 of cash. each receives 50% of ks ventures corporation’s stock (total value of $180,000). as a result of these transfers: a. jeff has a recognized loss of $15,000, and robert has a recognized gain of $62,000. b. neither jeff nor robert has any recognized gain or loss. c. jeff has no recognized loss, but robert has a recognized gain of $20,000. d. ks ventures corporation will have a basis in the land of $70,000. e. none of the above
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Jeff and robert form ks ventures corporation. jeff transfers property (basis of $105,000 and fair ma...
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