A taxpayer must receive voting common stock to be eligible for deferral in a section 351 exchange.

Name: A taxpayer must receive voting common stock to be eligible for deferral in a section 351 exchange.
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A taxpayer is eligible for deferral in a section 351 exchange if they receive stock that is either common or preferred, voting or nonvoting. The type of stock received does not affect the eligibility for deferral.

A Taxpayer Must Receive Voting Common Stock to Be Eligible