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Carol Owns Target Corporation Stock Having an Adjusted Basis of $41,000

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Carol owns Target Corporation stock having an adjusted basis of $41,000. As part of a Type C tax-free reorganization involving Revbo and Target Corporations, Carol exchanges her Target stock for $42,000 of Revbo stock and Revbo securities having a face amount and FMV of $8,000. What is Carol's basis in the Revbo stock?


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The tiniest sound elements in a language that can differentiate one word from another.

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The smallest units of written language that represent a sound in a word, such as letters, letter combinations, or diacritics.

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