Sandy and Greta form Tan,Inc.by transferring the following assets to the corporation in exchange for 1,000 shares of stock each.
Sandy: Cash of $200,000
Greta: Land (worth $200,000; adjusted basis of $75,000).
How much gain must Tan recognize on the receipt of these assets?

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The Answer of Sandy and Greta form Tan,Inc.by transferring the following assets to the corporation in exchange for 1,000 shares of stock each.
Sandy: Cash of $200,000
Greta: Land (worth $200,000; adjusted basis of $75,000).
How much gain must Tan recognize on the receipt of these assets?

Sandy and Greta Form Tan,Inc