z******r
发帖数: 91 | 1 Lind and Post organized Ace Corp., which issued voting common stock with a
fair market value of $120,000.
They each transferred property in exchange for stock as follows:
Basis FMV
% of Ace stock acquired
Lind Building $40,000 $82,000
60%
Post Land $5,000 $48,000
| y********e
发帖数: 8315 | 2 a is correct
because the total Lind and Post contributed was 100% of Ace Corp
plus... mortgage is not boot
boot = cash or cash equivalent you receive
【在 z******r 的大作中提到】
: Lind and Post organized Ace Corp., which issued voting common stock with a
: fair market value of $120,000.
: They each transferred property in exchange for stock as follows:
:
: Basis FMV
: % of Ace stock acquired
: Lind Building $40,000 $82,000
: 60%
: Post Land $5,000 $48,000
:
| z******r
发帖数: 91 | | a****j
发帖数: 1277 | | j****l
发帖数: 155 | 5 The 80% control requirement applies to the party, not single individuals, in
the formation of a corporation. In this instance, because Lind and Post
contribute together to form the corporation, they are considered in the same
party. After the contribution, the party aqucires 100% ownership of the
corporation. Therefore it is a nontaxable event. |
|
