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Business, 31.12.2019 00:31 ueuwuwj

Camille transfers property with a tax basis of $800 and a fair market value of $1,200 to a corporation in exchange for stock with a fair market value of $850 and $350 in cash in a transaction that qualifies for deferral under section 351. camille also incurred selling expenses of $100. what is the amount realized by camille in the exchange?

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Camille transfers property with a tax basis of $800 and a fair market value of $1,200 to a corporati...
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