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Mary contributed a building (FMV: $1,000,000, adjusted based: $800,000) to a Corporation in exchange for only stocks (FMV: $1,000,000) and obtained...
13. Mary contributed a building (FMV: $1,000,000, adjusted based: $800,000) to a Corporation in exchange for only stocks (FMV: $1,000,000) and obtained 100% of voting power.
Gain Realized=
Gain Recognized=
14. Same transactions in #13 except that Mary received $900,000 of stock and $100,000 of luxurious vehicle.
Gain Realized=
Gain Recognized=
15. Same transactions in #2 except that Mary received $700,000 of stock and $300,000 of luxurious vehicle.
Gain Realized
Gain Recognized
16. Same transactions in #2 except that Mary received $900,000 of stock and $100,000 of corporate debt.
Gain Realized
Gain Recognized
17. Mary provides building (FMV: $1,000,000, adjusted based: $800,000) and management service to a corporation in exchange for only stocks (FMV: $100,000) and obtained 100% of voting Power.
Gain Realized
Gain Recognized
Ordinary Income
