When a corporation sells its assets on the installment method prior to making a liquidation distribution of
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When a corporation sells its assets on the installment method prior to making a liquidation distribution of the installment notes, a shareholder receiving installment notes in a liquidation: Question 4Answer a. may treat all notes as non-taxable gains b. must treat all notes as a taxable gain c. must treat the notes as part of the amount realized on the liquidation d. may not have to treat the notes as part of the amount realized on the liquidation
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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