When a shareholder contributes property to obtain stock, what will determine the valuation of the investment, when the total shares owned by contributors of cash and property is greater than 80%?
When a shareholder contributes property to obtain stock, what will determine the valuationof the
investment, when the total shares owned by contributors of cash and property is greater
than 80%?
I. The adjusted basis of the property.
II. The fair market value of the property.
a. I only
b .The lesser of I and II.
c. The greater of I and II.
d. II only
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