Lets see how good my typing skills will come to use now...
Hey friend!
I recently went on a school trip to Washington D.C. It was amazing and full of iconic monuments. I wished you were there, but your not in my school. You should have seen the white house! It's more than three stories high, though I'm not sure why its called a house because it looks more like a building. I hope you can come visit by sometime this year, maybe we could take a one hour drive down to Washington D.C sometime. Well anyways, see you friend.
Sincerely,
Whatever You Want Your Name To Be.
Brainliest or Heart if helpful for whatever your doing. You can always add more, and just combine it with other answers.
Also did this in 3 minutes so....your welcome.
Answer:
Shareholder X transfers property with a tax basis of $200 and a fair market value of $250 to Acme Corporation in exchange for stock with a fair market value of $250 in a transaction that qualifies for deferral under section 351. What is the shareholder's basis in the stock of Acme which it received? What is the shareholder's gain/(loss) realized? What is the shareholder' gain/(loss) recognized? What is Acme's basis in the property transferred? What amount of gain/(loss) does Acme recognize?