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Question 1: Bob transfers to New Co. a piece of land with FMV of $20K and A/B of $2K in exchange for 100% of New

Question 1: Bob transfers to New Co. a piece of land with FMV of $20K and A/B of $2K in exchange for 100% of New Co. stock. Bob has owned the land for 2 years. Since Â§ 351 applies, then New Co. w...

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