What items are considered to be property for purposes of Sec. 351(a)? What items are not considered

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What items are considered to be property for purposes of Sec. 351(a)? What items are not considered to be property?





What items are considered to be property for purposes of Sec. 351(a)?



A.

Property includes any type of tangible property, including all equipment, furniture and fixtures and computer software. It also includes buildings, and the fixtures included within the building, but does not include any intangible property.



B.

Property includes money, and any tangible property. All other forms of intangible property are not under Sec. 351(a)'s definition of property.                



C.

Property includes money and almost any other kind of tangible or intangible property, including installment obligations, accounts receivable, inventory, equipment, patents, trademarks, trade names, and computer software.

 



D.

Property includes any type of services rendered to the corporation in exchange for its stock.

 

 

What items are not considered to be property?



A.

Property does not include money, or any tangible property.



B.

Property does not include services, an indebtedness of the transferee corporation that is not evidenced by a security, or an interest on an indebtedness that accrued on or after the beginning of the transferor's holding period for the debt.

 



C.

Property does not include installment obligations, accounts receivable, inventory, equipment, patents, trademarks, trade names, or computer software.



D.

Property does not include equipment, furniture and fixtures and computer software. It also doesn't include buildings, and the fixtures included within the building.

 

 

 

 
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