Question: This exact question has 2 different answers from Chegg, which is correct?? Mr. Wilson transferred a building with a FMV of $90,000 to D Corp

This exact question has 2 different answers from Chegg, which is correct?? Mr. Wilson transferred a building with a FMV of $90,000 to D Corp in exchange for 95% of its outstanding common stock. The building had an adjusted basis to Mr Wilson of $56,000. What is Mr. Wilson's basis in the stock received? a. $0 B. $34,000 C. $56,000 D. $90,000 What is the correct answer??

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