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Being Formed or Already Formed?
user-17569 - 10/25/2019, 4:50 pm

So I am clear, if I were to contribute property and cash to an already formed corporation and received more than 80% of the stock in the corporation as a result of the contribution, this exchange is not taxable.

If my partner and I made contributions of 50% each to form a corporation, that is also a non-taxable event.

Am I understanding this concept correctly?