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Title: Tanicia owns all 100 shares of Midwest Corporation's stock, valued at $100,000. Gwen owns property ... Post by: Mandarini on Feb 14, 2017 Tanicia owns all 100 shares of Midwest Corporation's stock, valued at $100,000. Gwen owns property that has a $15,000 adjusted basis and a $100,000 FMV. Gwen contributes the property to Midwest Corporation in exchange for 100 shares of newly issued Midwest stock. Does Section 351 apply to Gwen's exchange? What is the amount of her realized gain or loss? How much is recognized?
Title: Re: Tanicia owns all 100 shares of Midwest Corporation's stock, valued at $100,000. Gwen owns ... Post by: genflynn on Feb 14, 2017 Content hidden
Title: Re: Tanicia owns all 100 shares of Midwest Corporation's stock, valued at $100,000. Gwen owns property ... Post by: Mandarini on Jul 15, 2017 Thank you!!
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