PROBLEM:

A$,$ B$,$ C$,$ D$,$ E and F formed X Co$.$ on $9/12/$X$7.$ The chart below details the contributions made by each shareholder and the

X Co$.$ stock, cash and$/$or property they received. Assume that all property contributed was a capital asset when owned by the

shareholder and a Section $1231$ asset when owned by the corporation.

Determine with regard to the contributions: $(1)$ if the requirements of $351$ are satisfied; $(2)$ each shareholder's realized and

recognized gain or loss and basis in the stock and$/$or property received; $(3)$ B$\text{'}$s holding period for the X Co$.$ stock; $(4)$ X

Co$.\text{'}$s recognized gain or loss and$/$or expense deduction and basis in the property received; and $(5)$ X Co$.\text{'}$s holding period in

the property received from $B.$