REG07-34 Basis of Assets
What happens if the FMV of stock rights is less than 15% of the FMV of the stock issued?
The rights have a basis of zero unless an election is made to allocate basis.
What happens if the FMV of stock rights is less than 15% of the FMV of the stock issued?
The rights have a basis of zero unless an election is made to allocate basis.