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13.Billy contributes property worth $10,000 with a basis of $2,000 and a liability attached worth $6,000 to a corporation in return for its stock in
13.Billy contributes property worth $10,000 with a basis of $2,000 and a liability attached worth $6,000 to a corporation in return for its stock in a section 351 transaction. Billys basis in his C-corporation stock is $0.(t/f)
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