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How much should Graham include as taxable income

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Question - Warner and Graham form Acme Corp on October 1, 2020. On that date Warner paid $75,000 cash for 750 shares of Acme common stock. On the same date, Graham received 100 shares of Acme common stock for services rendered. How much should Graham include as taxable income for 2020 and what will be Graham's basis in her stock?

Reference no: EM132863235

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