Camille transfers property with a tax basis of $1,020 and a fair market value of...
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Accounting
Camille transfers property with a tax basis of $1,020 and a fair market value of $1,375 to a corporation in exchange for stock with a fair market value of $1,165 and $210 in cash in a transaction that qualifies for deferral under section 351. Camille also incurred selling expenses of $199. What is the amount realized by Camille in the exchange
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