To meet the control test under section $351,$ a taxpayer transferring property to a corporation must own $80$ percent or more of the corporati percent of each class of nonvoting stock after the transfer.

True

False $$

$2$ points

$1$

$2$

If a partner participates in partnership activities on a regular, continuous, and substantial basis, then the partnership's activities with respect t partner are not considered passive. $$

True

$3$

False