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Dominik [7]
3 years ago
7

Roberta transfers property with a tax basis of $460 and a fair market value of $539 to a corporation in exchange for stock with

a fair market value of $396 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $143 on the property transferred. What is the amount realized by Roberta in the exchange?
Business
1 answer:
mamaluj [8]3 years ago
8 0

Answer:

$539

Explanation:

Based on the information given we were told that he transfer property which had a fair market value of the amount of $539 to a corporation in exchange for stock which means that the amount that will be realized in the exchange for the stock will be the amount of $539.

Therefore the amount realized by Roberta in the exchange will be $539

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Choose the best and worst answer to the following question:

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