Question: (Cl) Prepare a schedule calculating the initial tax basis for John and Sue for the ownership interest in Ridge Development Group when it is formed

(Cl) Prepare a schedule calculating the initial tax basis for John

and Sue for the ownership interest in Ridge Development Group when it

(Cl) Prepare a schedule calculating the initial tax basis for John and Sue for the ownership interest in Ridge Development Group when it is formed as a corporation (stock basis). What is the holding period for John and Sue? (C2)

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