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In the current? year, Mitch?, Stu?, and Kim form Agua Corporation. Mitch contributes land? (a capital? asset) having a $62,500 FMV in exchange for 170

In the current? year, Mitch?, Stu?, and Kim form Agua Corporation. Mitch contributes land? (a capital? asset) having a $62,500 FMV in exchange for 170 shares of Agua stock. He purchased t...

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