Corporations

Question 1

C-Corp - Shareholder basis in common stock computation

Answer 1

\+ Adjusted basis of transferred property 
\+ FMV of services provided
\+ Gain recognized by shareholder
- Cash/ FMV of boot received
- Liabilities assumed by corporation

Question 2

S-Corp - Shareholder basis in common stock computation

Answer 2

Adjusted basis of property contributed
\+Cash contributed
\+Income items
- Distributions to shareholders
-Loss items

Question 3

Partner’s basis in partnership

Answer 3

Adjusted basis of property contributed
+Cash contributed
+Income items
+Partner’s share of Increases in partnership debt
-Liabilities transferred, assumed by other partners
- Distributions to shareholders
-Loss items
-Partner’s share of decreases in partnership debt