Question
What tax consequence does boot generally trigger in §351 or §721 transfers?
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Answer
Gain, up to the lesser of realized gain or boot.
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Question
Why are partnerships more flexible than corporations for staged contributions?
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Answer
§721 has no control requirement.
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Question
Why is §351 control a planning trap when bringing in new investors?
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Answer
It requires at least 80% control immediately after transfer.
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Question
What is the QSBS gain exclusion if stock is held at least 4 years and acquired after July 4, 2025?
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Answer
Seventy-five percent.
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