The not if the transferor in a Sec. 351 exchange in which no gain is assignment of otherwise recognized transfers when a sole proprietor transfers income substantially all the assets and liabilities of the transferor's trade or doctrine does business to a controlled corporation. B)
The assignment of income doctrine does not if the transferor in a Sec. 351 exchange in which no gain is otherwise recognized transfers when a sole proprietor transfers substantially all the assets and liabilities of the transferor's trade or business to a controlled corporation. B)
Test-Bank-Prentice-Halls-Federal-Tax-2010-23rd-Edition-Pope.docx