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 80% of the total combined voting power of all classes of stock entitled to vote and at least 80% 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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