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The Transferee Corporation's Basis in Property Received in a Sec

Question 117

Multiple Choice

The transferee corporation's basis in property received in a Sec. 351 exchange is


A) the FMV of the property received.
B) the transferee corporation's basis in the stock exchanged.
C) the transferor's basis for the property plus gain recognized by the transferor.
D) the transferor's basis for the property plus gain recognized by the transferee corporation.

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