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Camille transfers property with a tax basis of $735 and a fair market value of $1,550 to a corporation in exchange for stock with a
Camille transfers property with a tax basis of $735 and a fair market value of $1,550 to a corporation in exchange for stock with a fair market value of $850 and $700 in cash in a transaction that qualifies for deferral under section 351. Camille also incurred selling expenses of $192. What is the amount realized by Camille in the exchange?
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