Sarah basis in the stock, Sarah transfers property with an

Sarah basis in the stock

Reference no: EM13133182

Sarah transfers property with an $80,000 adjusted basis and a $100,000 FMV to Super Corporation in a Sec. 351 transaction. Sarah receives stock with an $85,000 FMV and a short-term note with a $15,000 FMV. Sarah's basis in the stock is:

a. $100,000

b. $95,000

c. $85,000

d. $80,000

Reference no: EM13133182

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