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(TCO C) Which is true of the receipt of boot in a transfer under IRC 351? (Points : 5) Boot has no impact on a

(TCO C) Which is true of the receipt of boot in a transfer under IRC 351? (Points : 5) Boot has no impact on a transfer under IRC 351. Losses are always recognized. Gain is recognized to the greater of boot or realized gain. Boot does not disqualify a transfer from IRC 351 treatment

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