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(TCO C) Which is true of the provisions of IRC 351? (Points : 5) It is a mandatory provision. It provides for the nontaxation of

(TCO C) Which is true of the provisions of IRC 351? (Points : 5) It is a mandatory provision. It provides for the nontaxation of transfers to a partnership. Nonrecognition is permanent. It allows for tax-free transfers of services for stock.

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