Liabilities generally are not considered boot in corporate reorganizations except in a "Type C" when cash or other property is also used in the transaction.

Name: Liabilities generally are not considered boot in corporate reorganizations except in a "Type C" when cash or other property is also used in the transaction.
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Question

Quizplus · Accepted Answer

Liabilities are not typically considered boot, unless they are exchanged along with cash or other property in a Type C reorganization.

Liabilities Generally Are Not Considered Boot in Corporate Reorganizations Except