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Business, 31.12.2019 06:31 vrw28

Jack transferred a building that had an adjusted basis of $75,000 and a fair market value of $130,000 to r corp. in exchange for 80% of r's only class of stock and a car with an adjusted basis to r of $25,000. the fmv of the stock at the time of the transfer was $100,000 and the car's fmv was $30,000. how much gain must r recognize on the exchange?

a. $30,000
b. $5,000
c. $100,000
d. $105,000

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Jack transferred a building that had an adjusted basis of $75,000 and a fair market value of $130,00...
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