C corp formation - Page 2

  • Creator
    Topic
  • June 3, 2018 at 2:31 am #1818829
    murano
    Participant

    A contributed $20000 and B contributed 10 motorcycles to form a C corp. They control 100%. The corp gave back A a motorcycle(FMV=1500).
    should A recognize gain or not?

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  • Author
    Replies
  • June 11, 2018 at 1:07 am #1829057
    murano
    Participant

    Thanks a lot! How did the exam go?

    June 11, 2018 at 1:18 am #1829059
    murano
    Participant

    My bad.

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