Chapter 19 - Corporate Formation

Gain or loss that results from an exchange of property rights in a transaction.

An individual, trust, estate, partnership, association, company, or corporation.

Property given or received in an otherwise nontaxable transaction such as a like-kind exchange that may trigger gain to a party to the transaction. The term ... derives from a trading expression describing additional property a party to an exchange might throw in "to ..." to equalize the exchange.

The transfer of the tax basis of stock or other property given up in an exchange to stock or other property received in return.

The basis of an asset the transferee takes in property received in a nontaxable exchange. The basis of the asset ...s ... from the transferor to the transferee

A shareholder's or other person's ... of cash or other property to a corporation without receipt of an additional equity interest in the corporation.

(everything below this)