This is the same fact pattern as that above – Question 2 (Co…

This is the same fact pattern as that above – Question 2 (Continued) part f Use the information above, but change the following assumptions: The mortgage attached to the building and land was $600,000 The building has a FMV of $250,000 The land has a FMV of $530,000 Total FMV $800,000; AB of $410,000   F. What is Lorrie’s adjusted basis in the shares she receives?