Question: Eddie contributes property worth $ 5 0 , 0 0 0 ( adjusted basis = $ 3 0 , 0 0 0 ) to Lindy

Eddie contributes property worth $50,000(adjusted basis = $30,000) to Lindy Corp. Eddie is already the sole shareholder of Lindy and receives nothing in return for his transfer. Lindy's basis in the property is Blank______.
Multiple choice question.
$0
$50,000
$30,000

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