Question: Section 3 5 1 States: No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely

Section

351

States: No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation and immediately after the exchange such person or persons are in control

(

as defined in section

368 (

))

of the corporation. Group of answer choices True False

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