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Prepare memo for your tax manager

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Question - Bob and Carol transfer property to Stone Corp, for 90% and 10% of stone stock, respectively Pursuant to a binding agreement concluded before the transfer. Bob sells half of his stock to carol. Prepare memo for your tax manager why the exchange does or does not meet sec 351 control requirements, use IRC Sec 351 and Reg. Sec 1.351.

Reference no: EM132007061

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