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Styles Abby, an individual contributes property to CharlieCo, a newly formed corporation, in exchange for 75 shares. As part of the same transaction, Brett contributes

Styles Abby, an individual contributes property to CharlieCo, a newly formed corporation, in exchange for 75 shares. As part of the same transaction, Brett contributes services to Charlie Co in exchange for 25 shares. Does 351 apply to the contributions of Abby and Brett? Desktop

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