Question
Explain the significance of owning 1244 stock. b. G owns 100 shares of DSA Corp. stock that she received from sources described below. In each
Explain the significance of owning 1244 stock. b. G owns 100 shares of DSA Corp. stock that she received from sources described below. In each case indicate whether the shares received constitute 1244 stock, assuming the stock qualified as 1244 stock in the hands of the person from whom she received it.
1. 20 shares inherited from her uncle.
2. 35 shares given to her by her father.
3. 15 shares purchased from C.
4. 20 shares issued to G for a contribution of cash when the corporations total capital was $300,000.
5. 10 shares issued to G for a contribution of services to the corporation when the corporations total capital was $300,000.
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