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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 6: Corporate Liquidating Distributions
  5. Question
    In a Sec 332 Liquidation, Can a Subsidiary Corporation Recognize Losses on Losses
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In a Sec 332 Liquidation, Can a Subsidiary Corporation Recognize Losses on Losses

Question 57

Question 57

Essay

In a Sec. 332 liquidation, can a subsidiary corporation recognize losses on distributions to either the parent corporation or minority shareholders?

Correct Answer:

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No. Section 332 liquidations are an exce...

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