What is the amount realized by roberta in the exchange

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Question - Roberta transfers property with a tax basis of $474 and a fair market value of $542 to a corporation in exchange for stock with a fair market value of $423 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $119 on the property transferred. What is the amount realized by Roberta in the exchange?

Reference no: EM133096896

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