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Amy transferred property with a tax basis of $600,000 and a fair market value of...

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Accounting

Amy transferred property with a tax basis of $600,000 and a fair market value of $900,000 to a corporation in exchange for stock with a fair market value of $900,000 in a transaction that qualifies for tax deferral under section 351. What is Amy's tax basis in the stock received in the exchange?

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