Question: Using the information from Problem 47, determine the basis of the property contributed in the hands of the corporation in each instance. Assume that the

Using the information from Problem 47, determine the basis of the property contributed in the hands of the in each instance. Assume that the 80% rule is met in all cases.
In problem 47
a. Contribution of property with a basis of $1,000 and a FMV of $1,400.
b. Contribution of property with a basis of $3,000 and a FMV of $3,800. The stockholder also received $500 cash from the as part of the stock transaction.
c. Contribution of property with a basis of $8,200 and a FMV of $12,500. The stockholder also received property with a FMV of $1,700 from the as part of the stock transaction.
d. Contribution of a building with a FMV of $200,000, a mortgage (assumed by the of $100,000, and a basis of $125,000.
e. Contribution of a building with a FMV of $1,700,000, a mortgage (assumed by the of $1,000,000, and a basis of $635,000.

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