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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?
Does anyone have some advice they would like to share for candidates who failed the exam once or more? What are some good tips to overcome exam failure?
Please help. How/why is the method to solving question 24 and 28 different? They appear to be similar questions
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