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Which of the following is NOT taken into account when determining if gain or loss should be recognized by the shareholder on the transfer of
Which of the following is NOT taken into account when determining if gain or loss should be recognized by the shareholder on the transfer of property to a corporation in exchange for a controlling interest in stock of the corporation.
a) Ownership of a least 80% of all stock b) Receiving money in addition to stock c) Fair market value of property transferred to corporation by shareholder d) Mortgage on shareholders property assumed by corporation. e) None of the above.
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