Question: a and b are unrelated individuals. a forms newco?
Answer: A and B are unrelated and form Newco on Jan 2nd by transfering capital asset with basis of 10,000 and FMV of 50,000 for all 50 shares of common stock. on march 2nd, in an unrelated transaction, B transfers a capital asset with basis 1,000 and FMV of 10,000 for 10 shares of Newco non voting preffered stock.