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Amy and Mark own 75 shares and 25 shares of Old Twon Corporation stock, respectively. There are no other owners. Amy transfers property with a

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Amy and Mark own 75 shares and 25 shares of Old Twon Corporation stock, respectively. There are no other owners. Amy transfers property with a $30,000 adjusted basis and a $50,000 FMV to Old Town Corporation in exchange for an additional 25 shares of Old Town stock. Does this property for stock exchange qualify for Sec. 351 treatment

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