If a Shareholder Contributes Property to a Corporation, but Receives

question 77

Essay

If a shareholder contributes property to a corporation, but receives nothing in exchange for the property, what are the tax consequences to the shareholder and the corporation?

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Definitions:

Approximate Class Width

An estimated value for the range of each category in a frequency distribution.

Frequency Distribution

A summary of how often different values occur within a dataset, often represented in a table or graph.

Quantitative Data

Numerical data that quantifies an object or event, which can then be subjected to statistical analysis.

Range

The difference between the highest and lowest values in a set of data.