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jason incorporated a sole proprietorship by exchanging all the proprietorship's assets for the stock of N, a new corporation. To qualify for tax-free incorporation, jason
jason incorporated a sole proprietorship by exchanging all the proprietorship's assets for the stock of N, a new corporation. To qualify for tax-free incorporation, jason must be in control of N immediately after the exchange. What percentage of N's stock must jason own to qualify as control for this purpose?
a. 50%
b. 51%
c. 66.67%
d. 80%
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