True or False

lculator Tax Drill - Section 351 Considerations Indicate whether the following statements are "True" or "False" regarding tax considerations under 351. a. In a $ 351 transfer where no gain is recognized, the depreciation recapture rules apply True In a $ 351 transfer, the shareholder's holding period for stock received in exchange for a capital asset or $ 1231 property includes the holding period of the propert Tru corporation. In a $ 351 transfer, a transfer of stock for services is not a taxable transaction to a i corporation. Tru