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Maria defers $100 of gain realized in a §351 transaction. The stock she receives in the exchange has a fair market value of $500. Maria's tax basis in the stock will be $400.
Request
A solicitation or petition for something required or desired.
Transaction
The act of buying or selling something; a business deal or financial exchange.
Customer Database
A collection of information about customers, including contact details, purchase history, and preferences, used by businesses to tailor marketing efforts and improve service.
Online Retailer
A business that sells products or services to customers through the internet, without a physical storefront.
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