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    Federal Taxation
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    Exam 4: Corporations: Organization and Capital Structure
  5. Question
    Even If § 357(b)generates Boot (I
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Even If § 357(b)generates Boot (I

Question 51

Question 51

True/False

Even if § 357(b)generates boot (i.e.,the liability is not supported by a bona fide business purpose),the transferor shareholder may not have to recognize gain.

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