Section 351 Transaction (U.S. Corporate Tax)

This video discusses the requirements for a Section 351 transaction. Section 351 of the U.S. tax code provides nonrecognition of gain or loss when an individual(s):
1. Transfers property to a corporation
2. Solely in exchange for the corporation's stock
3. And has control of the corporation immediately afterwards (80% of vote and value)

There are several caveats, which are discussed in follow-up videos.—
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