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19. Dan king contacts you and indicates that he is considering incorporating a business by...

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Accounting

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19. Dan king contacts you and indicates that he is considering incorporating a business by transferring investment property with a fair market value of $500,000 and an adjusted basis of $150,000. In the exchange, King would receive all of the corporation's stock. Assuming King's transfer qualifies under Sec. 351 as a transfer to a corporation controlled by the transferor, what Internal Revenue Code section and subsection determines whether King's holding period for the stock received will include his holding period for the property transferred? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Choose a title from the list. Select a title from the dropdown list below. $ Examples of correctly formatted IRC responses are IRC$1(a), IRC$12(a), IRC$12A(a), IRC$12AA(a), IRC8123(a), IRC$123A(a), IRC$1234(a, IRC91234A(a), and IRC81234A-5(a)

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