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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 the above

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