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D
Stock for Services
David - 06/21/2019, 12:47 am

Is the income equal to the fmv of the property received or the fmv of the services provided. I thought it was the fmv of the property.

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liamkshaw68 - 07/2/2019, 6:14 pm

His ownership of 90% of Vino immediately after the transaction renders the property portion of the transaction as an exchange, rather than as income. So only the $5,000 of services provided qualify as actual income.

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