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Business, 15.02.2022 07:00 cclappm8697
Joshua receives Dee Corp. stock worth $135,000 and $15,000 cash in a Section 351 transaction where he transfers property worth $150,000 (adjusted basis = $120,000). What is Dee Corp.'s basis in the property received?
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Joshua receives Dee Corp. stock worth $135,000 and $15,000 cash in a Section 351 transaction where h...
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