Olivia and Tatiana form Jen Co. in 2018. Olivia contributed services worth $24,000 and property worth $1,000

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Olivia and Tatiana form Jen Co. in 2018. Olivia contributed services worth $24,000 and property worth $1,000 and Tatiana contributed property worth $25,000. Each received 25 shares of Jen Co Is the transaction nontaxable under Code Sec. 351?

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Principles of Taxation for Business and Investment Planning 2016 Edition

ISBN: 9781259549250

19th edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Posted Date: Feb 12, 2020 01:56 AM

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Olivia and Tatiana form Jen Co. in 2018. Olivia contributed services worth $24,000 and property worth $1,000

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Principles of Taxation for Business and Investment Planning 2016 Edition

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