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Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his shares of the company. Bill transferred property with a basis of $5,000 for $75,000 of stock. Steve contributes cash of $100,000 for his shares. Which of the three must recognize income in the year of the formation?
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A form of healing that considers the whole person—body, mind, spirit, and emotions—in the quest for optimal health and wellness.
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