Question: Hi can i get help with this please? hang incorporated her sole proprietorship by transferring inventory, a building. and land to the corporation in return

Hi can i get help with this please?
Hi can i get help with this please? hang incorporated her sole
proprietorship by transferring inventory, a building. and land to the corporation in
return for 100 percent if the corporation's stock. The property transferred to
the corporation had the following fair market values and adjusted tax bases:
The corporation also assumed a mortgage of $100,000 attached to the building
and land. The fair market volue of the corporations stock received in

hang incorporated her sole proprietorship by transferring inventory, a building. and land to the corporation in return for 100 percent if the corporation's stock. The property transferred to the corporation had the following fair market values and adjusted tax bases: The corporation also assumed a mortgage of $100,000 attached to the building and land. The fair market volue of the corporations stock received in the exchange was $1,420,000. The transaction met the requirements to be tox-deferred under 5351. Note: Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Required: a. What amount of gain or loss does Zhang realize on the transfet of the property to the corporation? b. What amount of gain or loss does Zhang recognize on the transfer of the property to the corporation? c. What is Zhang's tax basis in the stock received in the exchange? d. What is the corporation's adjusted tax basis in each of the assets received in the exchange? e. Assume the corporation assumed a mortgage of $1,620,000 attached to the buliding and land. Assume the fair market value of the bulding is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000. Assume the corporation assumed a mortgage of $1,620,000 attached to the building and land. Assume the fair market value of the building is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000. What is Zhang's tax basis in the stock recelved in the exchange? 9. Assume the corporation assumed a mortgage of $1,620,000 attached to the building and land. Assume the foir market value of the building is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420.000. What is the corporation's adjusted tax basis in each of the assets received in the exchange? Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. What amount of gain or loss does Zhang realize on the transfer of the property to the corporation? What is the corporation's adjusted tax basis in each of the assets received in the exchange? Assume the corporation assumed a mortgage of $1,620,000 attached to the building and land. Assume the fair market value of the building is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000. How much, if any, gain or loss does Zhang recognize on the exchange assuming the revised facts? Assume the corporation assumed a mortgage of $1,620,000 attached to the building and land. Assume the fair market value of the building is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000 What is Zhang's tax basis in the stock received in the exchange? Assume the corporation assumed a mortgage of $1,620,000 attached to the building and land. Assume the fair market value of the building is now $950,000 and the fair market value of the land is $2,014,000. The fair market value of the stock remains $1,420,000 What is the corporation's adjusted tax basis in each of the assets recelved in the exchange? Note: Do not round intermediate calculations

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