Question $1$

Which of the following statements about $$351$ transactions is false?

A transferor of property must receive stock cqual to at least $80$ percent of the fair value of the

property transferred.

In the aggregate, the transferors of property to the corporation must collectively own $80$ percent of

the voting stock of the corporation immediately after the transfers.

Only property transferred to a corporation is eligible for deferral.

All transfers of property to a corporation must be made simultancously to qualify for deferral.