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    Taxation of Individuals
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    Exam 18: Corporate Taxation: Nonliquidating Distributions
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    Diego Owns 30 Percent of Azul Corporation
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Diego Owns 30 Percent of Azul Corporation

Question 29

Question 29

True/False

Diego owns 30 percent of Azul Corporation. Azul Corporation owns 50 percent of Verde Corporation. Under the attribution rules applying to stock redemptions, Diego is treated as owning 15 percent of Verde Corporation.

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