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When depreciable property is transferred to a corporation in exchange for stock in a tax - deferred Section 3 5 1 transaction, the depreciable basis
When depreciable property is transferred to a corporation in exchange for stock in a taxdeferred Section transaction, the depreciable basis of the property to the corporation is:
Multiple choice question.
typically the carryover basis
most often the fair market value of the property transferred
the carryover basis less any boot received by the shareholder
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