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    Federal Taxation
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    Exam 6: Corporate Liquidating Distributions
  5. Question
    What Basis Do Both the Parent and Minority Shareholders Take
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What Basis Do Both the Parent and Minority Shareholders Take

Question 75

Question 75

Essay

What basis do both the parent and minority shareholders take in the assets received in a Sec. 332 liquidation?

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Since the parent recognizes no gain or l...

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