May someone help me complete this table thank you Shareholder Shareholder Compan
ID: 2420745 • Letter: M
Question
May someone help me complete this table thank you
Shareholder Shareholder Company Books Company Books Recognized Gain (Loss) Basis in Company Stock Recognized Gain (Loss) Basis in Assets Transfer of appreciated property to corp does not qualify under §351 Gain realized is recognized FMV of property transferred None FMV of property received §351 Transfer of appreciated property to corp; no boot §351Transfer of appreciated property to corp; boot §351 Transfer of appreciated property to corp; mortgage §351 Transfer of appreciated property to corp; tax motivated mortgage. §351 Transfer of appreciated property to corp; mortgage exceeds basis §351Transfer of depreciated property; no bootExplanation / Answer
Shareholder Shareholder Company Books Company Books Recognized Gain (Loss) Basis in Company Stock Recognized Gain (Loss) Basis in Assets Transfer of appreciated property to corp does not qualify under §351 Gain realized is recognized FMV of property transferred None FMV of property received §351 Transfer of appreciated property to corp; no boot No gain or lossrecognized Adjusted basis of the property that is been transferred. None Adjusted value of the property received §351Transfer of appreciated property to corp; boot The gain is recognized to whichever is less between, gain realized or "boot" received. Adjusted basis of the property that is been transferred None Adjusted value of the property received plus the gain recognized by the shareholder upon transfer of the property. §351 Transfer of appreciated property to corp; mortgage No gain or loss None Adjusted value of the property received §351 Transfer of appreciated property to corp; tax motivated mortgage. §351 Transfer of appreciated property to corp; mortgage exceeds basis Zero §351Transfer of depreciated property; no boot Zero