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The partners of JPG Partnership want to change the form of entity from a partnership to a corporation. The corporation can be formed in several ways: The partnership can distribute the assets to the partners who then contribute the assets to the corporation. The partnership can transfer the assets directly to the corporation. The partners can transfer their partnerhip interest to the corporation. Write a memo outlining the tax effects of the various methods of forming the corporation.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411938

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