yvonne and simon form ion corporation. yvonne transfers equipment with a basis of $344,000 and fair market value of $516,000 to ion corporation. simon invests $412,800 of cash. they each receive 100 shares in ion corporation worth $412,800, but yvonne also receives $103,200 in cash from ion. calculate ion corporation's basis in the equipment and determine yvonne and simon's basis in the ion stock. ion corporation has a basis of $fill in the blank 1 in the equipment. yvonne has a basis of $fill in the blank 2 for her stock and simon has a basis o
