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What is rebecca realized and recognized gain

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Reference no: EM132094417

Question - Rebecca holds 100 shares of Gotchas stock that she purchased for $1,200 several years ago. In a merger of Gotchas into Solis, Inc., Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $250. Gotchas is valued at $135 per share and Solis at $13.25 per share.

a. What is Rebecca's realized and recognized gain/loss from the reorganization?

Assuming that this exchange qualifies for tax-free treatment under § 368, Rebecca's realized gain is $, her recognized gain is $.

b. What is Rebecca's basis in her Solis stock?

Reference no: EM132094417

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