Question: Problem 2 ( 2 points): Alex and Bryan form Saline Corp. Bryan transfers $30,000 cash in exchange for $30,000 of Saline Corp. stock. Alex transfers
Problem 2 ( 2 points): Alex and Bryan form Saline Corp. Bryan transfers $30,000 cash in exchange for $30,000 of Saline Corp. stock. Alex transfers inventory with a basis of $10,000 and a fair market value of $40,000 in exchange for $30,000 of Saline Corp. stock and $10,000 cash. What are the tax consequences to Alex on the transfer
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