Which of the following is correct regarding Code Sec. 1367(a)(2) for contributions of appreciated capital...
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Which of the following is correct regarding Code Sec. a for contributions of appreciated capital gain property by S corporations:athe amount of the shareholders basis reduction will be equal to the shareholders pro rata share of the adjusted basis of the contributed propertybthe amount of the shareholders basis reduction will be equal to the shareholders pro rata share of the fair market value of the contributed propertycthe greater of A and B abovednone of the above
Which of the following is correct regarding Code Sec. a for contributions of appreciated capital gain property by S corporations:athe amount of the shareholders basis reduction will be equal to the shareholders pro rata share of the adjusted basis of the contributed propertybthe amount of the shareholders basis reduction will be equal to the shareholders pro rata share of the fair market value of the contributed propertycthe greater of A and B abovednone of the above
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