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Absent any special provision (e.g., Code Sec. 351), a transfer of property from a shareholder to a corporation in return for its shares would result

Absent any special provision (e.g., Code Sec. 351), a transfer of property from a shareholder to a corporation in return for its shares would result in:

a) full gain or loss recognition

b) partial gain or loss recognition

c) no gain or loss recognition

d) none of these

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