A$,$ B$,$ and C form a new corporation, XYZ$,$ Inc. A contributed a piece of land with tax basis of $$6,000$ in exchange for a $20\%$ interest in XYZ$,$ Inc. B contributes cash of $$200,000$ in exchange for a $70\%$ interest in XYZ$,$ Inc. Finally, C provides services with value of $$100,000$ in exchange for a $10\%$ interest in XYZ$,$ Inc.

What is A$$s basis in their shares of XYZ$,$ Inc. immediately after the transfer is completed?

A$,$ B$,$ and C form a new corporation, XYZ$,$ Inc. A contributed a piece of land with tax basis of $$6,000$ in exchange for a $20\%$ interest in XYZ$,$ Inc. B contributes cash of $$200,000$ in exchange for a $70\%$ interest in XYZ$,$ Inc. Finally, C provides services with value of $$100,000$ in exchange for a $10\%$ interest in XYZ$,$ Inc.

What is A$$s basis in their shares of XYZ$,$ Inc. immediately after the transfer is completed?

$$0$

$$6,500$

$$306,000$