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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 20: Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations
  5. Question
    If a Liquidation Qualifies Under § 332, Any Minority Shareholder
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If a Liquidation Qualifies Under § 332, Any Minority Shareholder

Question 25

Question 25

True/False

If a liquidation qualifies under § 332, any minority shareholder will recognize gain or loss equal to the difference between the fair market value of assets received and the basis of the shareholder's stock.

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