As part of creating her new business, Margaret contributes to her 100%-owned C-Corporation machinery that is worth $50,000 with an adjusted basis of $40,000. In exchange for the contribution, Margaret receives stock of the corporation. Will Margaret have to recognize her $10,000 realized gain? Why or why not? Group of answer choices Margaret will have to recognize her $10,000 realized gain There is no recognized gain pursuant to Section 351 There is no recognized gain pursuant to Section 721

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Margaret will not have to recognize her 10000 realized ... View the full answer