Question: Evan transferred inventory to a corporation in a Code Section 351 transaction. His basis in the inventory was $10,000 and its value was $8,000. If
Evan transferred inventory to a corporation in a Code Section 351 transaction. His basis in the inventory was $10,000 and its value was $8,000. If he received $2,000 in cash and 100 shares of stock, the resulting bases are:?
for evan?
for Corporation?
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