Simon transfers 100 shares of Brown Corporation stock to Samantha as part of a divorce settlement. The cost of the stock to Simon is $11,500, and the stock's value at the time of the transfer is $14,300. Samantha later sells the stock for $17,600. What is Samantha's basis in the stock at the time of her sale of stock? O $11,500 $3,300 O $6,100 O $14,300

Kevin bought 260 shares of Intel stock on January 1, 2018 for $74 per share with a brokerage fee of $160. Then, Kevin sells all 260 shares for $87 per share on December 12, 2018. The brokerage fee on the sale was $210. What is the amount of the gain/loss Kevin must report on his 2018 tax return? Multiple Choice $2,640. $3,010. $3,380. $3.750. None of the choices are correct.

María and Bob form Robin Corporation. María transfers property worth $420,000 with a basis of $150,000 for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $165,000 with a basis of $30,000 and legal services worth $15,000 in organizing the corporation. If there is no gain or loss, enter "0" for the amount. a. What gain or income, if any, will the parties recognize on the transfer? María recognizes no gain or loss Feedback of $ Bob recognizes ordinary income of $ Check My Work Section 351 is mandatory if a transaction satisfies the provision's requirements. The three requirements for nonrecognition of gain or loss under § 351 are that (1) property is transferred (2) in exchange for stock and (3) the property transferors are in control of the corporation after the exchange. b. What basis do María and Bob have in the Robin Corporation stock? María has a basis of $ Feedback Check My Work Incorrect , and Bob has a basis of $ 420,000 X in the stock. c. What is Robin…

24) Individuals Opal and Ben form OB Corporation. Opal transfers land and a building with a $550,000 adjusted basis and a $625,000 FMV in exchange for 50% of the stock of the OB Corporation worth $610,000 and a $15,000 note. Ben transfers cash of $625,000 for 50% of the stock worth $610,000 and a note of the OB Corporation valued at $15,000. Opal's basis in the stock received is A) $560,000. B) $625,000. C) $610,000. D) $550,000.