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Marta_Voda [28]
2 years ago
8

Andre formed a corporation and owns all the stock. He contributed property with a FMV of $10,000 and a basis of $7,000 and he re

ceived $1,000 cash from the corporation. Andre's basis in his stock is:
Business
1 answer:
Vitek1552 [10]2 years ago
6 0
Andre formed a corporation and owns all the stock. He contributed property with a FMV of $10,000 and a basis of $7,000 and he received $1,000 cash from the corporation. Andre's basis in his stock is:
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