21 a,b

Which of the following is NOT in the definition of property acceptable for \$351? (Multiple answers possible. Incorrect answers will be subtracted from the correct answers and selecting all of the answers will result in an incorrect answer) a. cash b. stock in another company c. building d. land e. services to be rendered to corporation f. services previously rendered to corporation g. inventory h. equipment There is a code section that allows for an amount invested in a small business to be treated as ordinary loss rather than a capital loss. One of the requirements is that only the original shareholder gets the deduction. All subsequent holders do not get this treatment. True or False Select one: True False