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Business, 30.11.2019 04:31 contminecraft10

Eileen transfers property worth $200,000 (basis of $190,000) to goldfinch corporation. in return, she receives 80% of the stock in goldfinch corporation (fair market value of $180,000) and a long-term note (fair market value of $20,000) executed by goldfinch and made payable to eileen. eileen recognizes gain on the transfer of:

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Eileen transfers property worth $200,000 (basis of $190,000) to goldfinch corporation. in return, sh...
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