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What is the amount realized by Camille in the exchange

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Question - Camille transfers property with a tax basis of $870 and a fair market value of $1,635 to a corporation in exchange for stock with a fair market value of $1,235 and $400 in cash in a transaction that qualifies for deferral under section 351. Camille also incurred selling expenses of $118. What is the amount realized by Camille in the exchange?

Reference no: EM132544270

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