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Author Question: Pursuant to a complete liquidation, Southern Electric Corporation distributes the following assets ... (Read 63 times)

fox

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on: Sep 13, 2020

Question 1

How does the treatment of a liquidation of a subsidiary into its parent corporation differ from the general rule?

Question 2

Pursuant to a complete liquidation, Southern Electric Corporation distributes the following assets to its shareholders:

Inventory: $15,000 basis, $20,000 FMV
Land held as an investment: $10,000 basis, $40,000 FMV
Marketable securities: $35,000 basis; $30,000 FMV

What are the tax consequences to Southern Electric Corporation?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by fox on Sep 13, 2020

Sassygurl126

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fox

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Gracias!

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