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Sara and Mark transferred property to Owl Corporation in exchange for two-thirds of its stock. For services rendered, Alex received the remaining one-third of the
Sara and Mark transferred property to Owl Corporation in exchange for two-thirds of its stock. For services rendered, Alex received the remaining one-third of the stock. Explain whether the exchanges will be taxable in the context of Section 351 and describe several steps which could be taken to mitigate tax liability. I am specifically looking for how it relates to Section 351 and steps to mitigate tax liability.
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