Question: under section 351, if I transfer an asset with AB is 1,000 which 3,000 debt, then the debt will be assumed by the company, I
under section 351, if I transfer an asset with AB is 1,000 which 3,000 debt, then the debt will be assumed by the company, I will have a gain $2,000 recognized , right
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
