| http://www.w3.org/ns/prov#value | - Sec. 118 provides that ???[i]n the case of a corporation, gross income does not include any contribution to the capital of the taxpayer.??? The regulations provide guidance regarding nonshareholder contributions, stating (by way of example) that ???the exclusion applies to the value of land or other property contributed to a corporation by a governmental unit or by a civic group for the purpose of
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