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Carlos transfers property with a tax basis of $515 and a fair market value of $990 to a corporation in exchange for stock with a fair market value of $725 and 562 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $203 on the property transferred. What is the corporation's tax basis in the property received in the exchange? Multiple Choice $990 $663 $577 $374