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Author Question: Under the terms of their divorce agreement, Humphrey transferred Corporation H stock to his former ... (Read 69 times)

ahriuashd

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on: Sep 13, 2020
Under the terms of their divorce agreement, Humphrey transferred Corporation H stock to his former wife, Greta as a property settlement. At the time of the transfer, the stock had a basis to Humphrey of $40,000 and a fair market value of $55,000. What is the tax consequence of this transaction to Humphrey, and what is Greta's basis in the Corporation H stock?
◦ Humphrey has no gain or loss; Greta's basis is $55,000.
◦ Humphrey has no gain or loss; Greta's basis is $40,000.
◦ Humphrey has a gain of $15,000; Greta's basis is $55,000.
◦ Humphrey has a gain of $15,000; Greta's basis is $40,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by ahriuashd on Sep 13, 2020

Mollythedog

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ahriuashd

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Reply 2 on: Sep 13, 2020
Excellent

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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