Martin contributes property with an adjusted basis of $100,000 and a fair market value of $140,000 to a newly formed business entity. If the entity is an S corporation and the transaction qualifies under § 351, the S corporation's basis for the property and the shareholder's basis for the stock are: 
Definitions:
Binge-Eating Disorder
A disorder characterized by recurrent episodes of eating large quantities of food in a short period of time, often accompanied by feelings of loss of control and guilt.
Diagnostic Criteria
The specific conditions and signs that must be present for a healthcare professional to diagnose a particular disorder or disease.
Obesity
A medical condition characterized by excess body fat that increases the risk of health problems.
Risks
The potential for experiencing harm, loss, or adverse effects in a given situation or for a specific condition.
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