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Business, 14.04.2020 16:07 jmccrary2000

Alberto transfers all of the assets of his proprietorship, including a building with a basis of $135,000 and a value of $200,000 to form Fonseca Corp. in exchange for 40 shares of stock in a tax-deferred 351 transaction. Fonseca assumed the $50,000 mortgage against the building. How much gain will Alberto recognize

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Alberto transfers all of the assets of his proprietorship, including a building with a basis of $135...
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