Celeste transferred 100 percent of her stock in supply chain company to marketing corporation in a type a merger. in exchange, she received stock in marketing with a fair market value of $500,000 plus $500,000 in cash. celeste's tax basis in the supply chain stock was $1,200,000. what amount of loss does celeste recognize in the exchange and what is her basis in the marketing stock she receives?
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Celeste transferred 100 percent of her stock in supply chain company to marketing corporation in a t...
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