Category: Partnerships & LLCs Copyright 1998, The Tax Resource Group. All rights reserved. Telephone 800-578-3498. Internet: www.taxresourcegroup.com I see no indication that any disclosure is required as a result of contributing property to a partnership under Section 721. As you know, Section 351, which provides for tax-free contribution of property to a corporation in exchange for stock, requires rather extensive disclosure. While Section 721 is conceptually very similar to Section 351, it appears that no similar disclosure is required.
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