Under what circumstances is a corporations assumption of liabilities considered boot in a Sec. 351 exchange?

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Under what circumstances is a corporation’s assumption of liabilities considered boot in a Sec. 351 exchange?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 03:02 AM

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Under what circumstances is a corporations assumption of liabilities considered boot in a Sec. 351 exchange?

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Two sets of circumstances may require recognition of gain when liabilities are transferre...View the full answer

Federal Taxation 2016 Comprehensive

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