Reg, C Corp basis question

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  • #197956
    bigbuk
    Member

    So im going through C Corp. section right now, and i am having slight difficulty nailing the basis between the shareholder and the corporation and the assets transferred (cash,property). To my understanding the shareholders basis is usually the difference between the basis and the fmv, and the corporations is usually the original adj. basis of property less any debt assumed? If anyone has an easy way of remembering all of these transfers it would be greatly appreciated!

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