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Business, 15.07.2020 01:01 maribel5979

Roberta transfers property with a tax basis of $412 and a fair market value of $520 to a corporation in exchange for stock with a fair market value of $349 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $171 on the property transferred. What is the amount realized by Roberta in the exchange

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Roberta transfers property with a tax basis of $412 and a fair market value of $520 to a corporation...

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