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Augustus1 Augustus1
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7 years ago
Winston contributes assets with a $100,000 basis and a fair market value of $200,000 in exchange for 50 shares of WW common stock.  Winston's daughter, Wendy, contributes $50,000 cash in exchange for 50 shares of WW common stock.  What issues regarding the exchanges should Winston and Wendy consider?
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Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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MsLippyMsLippy
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7 years ago
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Augustus1 Author
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#2
7 years ago
Your explanation helped, amazing amazing!
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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