[shaneconnor]

Hello,

I am taking REG on Friday and still very confused about how to calculate basis for Sec. 351, for partnership, S-Corp, and Corporations. I am also confused on the difference between non-liquidating and liquidating calculations.

Can anyone give me some tips or tricks to understanding these topics better?

Thanks

[Mike J]

First and foremost remember Non-L for non-liquidating and no Loss recognition.

I'd also go thru this site: https://tax.cchgroup.com/downloads/files/contemporary-tax-practice/Module4/Topic3/B-Corporate-Alternative-Minimum-Tax-Computations.asp

[Author]

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