Question: hello i need help finishing these, thanks! Same question problem but extra information: Zhang incorporated her sole proprietorship by transferring inventory, a building, and land
hello i need help finishing these, thanks!

Same question problem but extra information:



Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted bases: The corporation also assumed a mortgage of $100,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $380,000. The transaction met the requirements to be tax-deferred under \$351. (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) d. What is the corporation's adjusted basis in each of the assets received in the exchange? Assume the corporation assumed a mortgage of $580,000 attached to the building and land. Assume the fair market value of the building is now $300,000 and the fair market value of the land is $636,000. The fair market value of the stock remains $380,000. e. How much, if any, gain or loss does Zhang recognize on the exchange assuming the revised facts? Assume the corporation assumed a mortgage of $580,000 attached to the building and land. Assume the fair market value of the building is now $300,000 and the fair market value of the land is $636,000. The fair market value of the stock remains $380,000. f. What is Zhang's tax basis in the stock she receives in the exchange? Answer is complete but not entirely correct. Assume the corporation assumed a mortgage of $580,000 attached to the building and land. Assume the fair market value of the building is now $300,000 and the fair market value of the land is $636,000. The fair market value of the stock remains $380,000. g. What is the corporation's adjusted basis in each of the assets received in the exchange? (Do not round intermediate calculations.)
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