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7. In exchange for all of Falco stock, Susie and Marilyn transfer property. Susie transfers land and building worth $200,000 in exchange for mo150
7. In exchange for all of Falco stock, Susie and Marilyn transfer property. Susie transfers land and building worth $200,000 in exchange for mo150 shares and Marilyn transfers equipment ed worth $200,000 for 50 shares of stock. Does this exchange qualify as nontaxable unders Code Sec. 351? Jen oddube
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