Calculating S Corp Stock and Debt Basis: Avoiding Loss ...

Jun 03, 2015 · $60 value immediately after the transaction. X's basis in Asset 2 would be $110, which would not exceed Asset 2's $120 value immediately after the transaction, so Asset 2 is not loss duplication property. X's basis in Asset 1 is $70, computed as its $90 basis under Code Sec. 362(a), reduced by A's $20 net built-in loss. ................
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