Susan has a gain on the transfer of property to a corporation. In order for Susan to have no gain recognition under Code Sec. 351, she must receive: Group of answer choices a) stock and securities b) securities only c) stock only d) the shareholder may receive any type of property from the corporation
Susan has a gain on the transfer of property to a corporation. In order for Susan to have no gain recognition under Code Sec. 351, she must receive: Group of answer choices a) stock and securities b) securities only c) stock only d) the shareholder may receive any type of property from the corporation
Chapter18: Corporations: Organization And Capital Structure
Section: Chapter Questions
Problem 12DQ
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Question
Susan has a gain on the transfer of property to a corporation. In order for Susan to have no gain recognition under Code Sec. 351, she must receive:
Group of answer choices
a) stock and securities
b) securities only
c) stock only
d) the shareholder may receive any type of property from the corporation
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