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(TCO C) Which is true of the receipt of boot in a transfer under IRC 351? Boot may cause a partially taxable event. Boot is
(TCO C) Which is true of the receipt of boot in a transfer under IRC 351?
Boot may cause a partially taxable event. |
Boot is treated no differently from stock received. |
Boot can be specifically allocated to one asset. |
Boot is something you wear on your feet. |
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