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What is craig recognized gain

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Question - Craig transferred a tractor truck and two trailers to ZYX Transport. The truck and trailers had a basis of $160,000. Craig received stock worth $150,000, property with a FMV of $20,000, and $25,000 in cash. What is Craig's recognized gain if this was a Sec. 351 exchange?

Reference no: EM133092618

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