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Author Question: If a shareholder transfers liabilities to a corporation in a Sec. 351 transfer, there is no effect ... (Read 19 times)

dejastew

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on: Sep 13, 2020

Question 1

Depreciation recapture does not apply to a transfer coming under Sec. 351 unless the transferor recognizes gain on depreciable property that is transferred.
◦ true
◦ false

Question 2

If a shareholder transfers liabilities to a corporation in a Sec. 351 transfer, there is no effect on the shareholder's stock basis due to the corporation's assumption of liabilities.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by dejastew on Sep 13, 2020

ndhahbi

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dejastew

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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