Kamir and Javon form KJ Corporation, with each receiving 50% of the stock. Kamir contributes equipment with a fair market value of $100,000 and an adjusted basis of $55,000, as well as services with a value of $15,000. Javon contributes $115,000 in cash. What is Kamir's basis in the KJ stock?
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Home » Business » Kamir and Javon form KJ Corporation, with each receiving 50% of the stock. Kamir contributes equipment with a fair market value of $100,000 and an adjusted basis of $55,000, as well as services with a value of $15,000.