Question: The control requirement specifies that the person or persons transferring property to the corporation must own, immediately after the transfer, stock possessing at least 8
The control requirement specifies that the person or persons transferring property to the corporation must own, immediately after the transfer, stock possessing at least of the total combined voting power of all classes of stock entitled to vote and at least of the total number of shares of all other classes of stock of the corporation. Control may apply to a single person or to several taxpayers if they are all parties to an integrated transaction.
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