Mara and Bob form Robin Corporation. Mara transfers property worth $272,500 with a basis of...
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Mara and Bob form Robin Corporation. Mara transfers property worth $272,500 with a basis of $95,375 for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $109,000 with a basis of $21,800 and legal services worth $10,900 in organizing the corporation. If there is no gain or loss, enter "0" for the amount.
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