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    Exam 15: Property Transactions: Nontaxable Exchanges
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    Mandy and Greta Form Tan,Inc
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Mandy and Greta Form Tan,Inc

Question 48

Question 48

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Mandy and Greta form Tan,Inc.,by transferring the following assets to the corporation in exchange for 5,000 shares of stock each.

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Tan has no recognized gain on the receip...

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