taxpayer 1 contributed a property fair market value $100 and adjusted basis $50 to x...
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taxpayer contributed a property fair market value $ and adjusted basis $ to x corporation in a transaction that qualified for irs section if it also contributed a liability which had no business purpose, i would not recognize any gain on the transaction.
taxpayer contributed a property fair market value $ and adjusted basis $ to x corporation in a transaction that qualified for irs section if it also contributed a liability which had no business purpose, i would not recognize any gain on the transaction.
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