Section 351 Corporate Formation. CPA Exam

IN this session, I discuss section 351 during corporation formation.
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[@amazingvivid6853]

Why will dividend be added to the basis of the stock of the shareholders because dividend simply will become part of taxable income for them? Pl clarify

[@mamadoubah3686]

Great content!

[@AccountingLectures]

Most welcome. Please check my website for more. Start your free trial : farhatlectures.com/

[@42luke93]

If you have to recognize the gain due to failure of 80% control test do you still use NBV for basis?

[@martinl7870]

How would you book this in? Debit the property 15000 and credit the shareholders account for 15000 or debit the property 10000 and shareholders for 10000.?