by transferring the Tricometer intellectual property and more than $10,000 of cash so that corporation can acquire the patent, trade name and trademark? 2-. What are the tax consequences if Jean & Joseph jointly acquire the patent, trade name and trademark; create the corporation with more than $10,000 cash; and license the patent, trade name and trademark to the corporation in return for royalties? 3-. Add another step to#2, i.e. giving the intangibles to children under 16 or over 15? Facts Jean…
Words 1661 - Pages 7