Isabella and Hannah formed AlderInk on October 1, 2022. On the same date, Isabella paid...
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Isabella and Hannah formed AlderInk on October 1, 2022. On the same date, Isabella paid $75,000 cash to AlderInk for 1,500 shares of the corporations common stock. Simultaneously, Hannah received 100 shares of AlderInks stock for services rendered. How much should Hannah include in her taxable income for 2022, and what will be the basis of her AlderInk stock? Taxable Income Basis of Stock a. $5,000 $0 b. $5,000 $5,000 c. $0 $0 d. $0 $5,000
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