To meet the control test under §351, taxpayers transferring property to a corporation must in aggregate own 80 percent or more of the corporation's voting stock and 80 percent of each class of nonvoting stock after the transfer.

Question

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To meet the control test under §351, taxpayers need to own 80% or more of the corporation's voting stock and 80% of each class of nonvoting stock after the transfer in aggregate.

To Meet the Control Test Under §351, Taxpayers Transferring Property