LO.5 Cynthia and some associates want to form a corporation to develop and operate an industrial park.

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LO.5 Cynthia and some associates want to form a corporation to develop and operate an industrial park. Cynthia is to contribute the land, which has significantly appreciated in value. She would like to recognize some of this gain to offset losses from other sources.

In view of the rules governing the application of ยง 351, what do you suggest?

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