purchase

(B)The term “purchase” includes any acquisition of property in an exchange to which section 351 applies to the extent such property is acquired in exchange for— (i)any cash or cash item, (ii)any marketable stock or security, or (iii)any debt of the transferor. (C)If— (i)any person acquires property from another person who acquired such property by purchase (as determined under this paragraph with regard to this subparagraph), and (ii)the adjusted basis of such property in the hands of such acquirer is determined in whole or in part by reference to the adjusted basis of such property in the hands of such other person,

Source

26 USC § 355(d)(5)(B)


Scoping language

None: Default is title Scope
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