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Elizabeth and June form Pine Corporation. Elizabeth transfersproperty, basis of $25,000 and value of $200,000, for 50 shares inPine Corporation. June transfers property, basis of

Elizabeth and June form Pine Corporation. Elizabeth transfersproperty, basis of $25,000 and value of $200,000, for 50 shares inPine Corporation. June transfers property, basis of $50,000 andvalue o 2 answers

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