Bill, an individual, transfers assets with a FMV of $400,000 and a basis of $100,000,

Bill, an individual, transfers assets with a FMV of $400,000 and a basis of $100,000, to GO Corp for 100% of GO Corp’s stock. Bill’s basis in the Go Corp Stock will be –

$400,000

$300,000

$100,000

None of the above

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