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Bruce Wayne and Dick Grayson each own 50% of Alfred Enterprises, Inc. They need additional...

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Accounting

Bruce Wayne and Dick Grayson each own 50% of Alfred Enterprises, Inc. They need additional capital, so Bruce agrees to transfer $100,000 worth of equipment to the corporation (basis none because of depreciation). Dick agrees to transfer 25% of his 50% to Bruce to make this happen. So, after Bruce transfers the equipment, he will own 75% and Dick will own 25%. Any problems with this in Section 351 and if so, how do you fix?

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