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Leah transfers equipment(basis 400,000 and fair ma...

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Leah transfers equipment(basis 400,000 and fair market value of 500,000)for additional stock in Crow corporation. after the transfer, Leah owns 80% of Crow's stock. associated with equipment is 1245 depreciation recapture potential of 70,000. as a result of the transfer:

 

Paper#4799 | Written in 18-Jul-2015

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