As part of a "C" reorganization, T Corporation transfers assets with a basis of $200,000 and a fair market value of $500,000.T receives stock of A Corporation worth $400,000 and $100,000 worth of other property with a basis to A of $75,000.What is the basis of the property transferred to A?

Question

Quizplus · Accepted Answer

In a "C" reorganization, the basis of the property transferred is carried over. Therefore, the basis of the property transferred to A would remain at T Corporation's original basis of $200,000.

As Part of a "C" Reorganization, T Corporation Transfers Assets