Question: I have a question about how property s basis is affected after a transfer of both property and services to a c - corporation by

I have a question about how propertys basis is affected after a transfer of both property and services to a c-corporation by a shareholder in exchange for stock. Assuming the control test is met, and Section 351 applies, how does the gain recognized on the services rendered affect the stocks basis for the shareholder? And how does the gain recognized on the services affect the propertys basis for the c-corporation, if it does at all?

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