How to eliminate tax, If Dirk wants to eliminate tax, what should he choose as his, Taxation

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How to eliminate tax

Problem: Dirk has decided to transfer his equipment to a new corporation using Section 85. The equipment has a cost basis of $1,000, a UCC balance of $800, and a fair market value of $1,500. If Dirk wants to eliminate tax, what should he choose as his elected amount?

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