Corporations recognize no gain orloss when it issues stock shares for property even if the shareholder contribution is voluntary.

True

False

Mortgage debt transferred together with the realty in exchange for stock, no gain is recognized and the liability is considered boot.

True

False

a P-Corp is a type of disregarded entity (aka DRE)

True

False

When boot is received 351 loss is never recognized

True

False

code 351 is mandatory if a transaction has the following elements (mark all that apply)

A. stock is exchanged

B. cash is exchanged

C. control of the corp is exchanged

D. property is transferred