Myra is going to contribute the following assets to a business entity in exchange for an ownership interest. What are the tax consequences of the contribution to Myra if the business entity is an):
a. Sole proprietorship?
b. General partnership?
c. Limited partnership?
d. C corporation?
e. S corporation?

Question

Myra is going to contribute the following assets to a business entity in exchange for an ownership interest.  What are the tax consequences of the contribution to Myra if the business entity is an): 
a. Sole proprietorship?
b. General partnership?
c. Limited partnership?
d. C corporation?
e. S corporation?

Quizplus · Accepted Answer

The Answer of Myra is going to contribute the following assets to a business entity in exchange for an ownership interest.  What are the tax consequences of the contribution to Myra if the business entity is an): 
a. Sole proprietorship?
b. General partnership?
c. Limited partnership?
d. C corporation?
e. S corporation?

Myra Is Going to Contribute the Following Assets to a Business