Question: B I U ab Aoclear Formatting -- 9. Bob owns a sole proprietorship. The assets have a FMV of $800,000, a tax basis of $300,000,
B I U ab Aoclear Formatting -- 9. Bob owns a sole proprietorship. The assets have a FMV of $800,000, a tax basis of $300,000, and the business has liabilities of $200,000. Bob will incorporate the business by transfer of the assets, with an assumption of the business debt, to a new corporation. Bob will receive 100% of the stock of this corporation. Complete the following (8 points): a. Bob's Realized Gain or
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