Compare the general liquidation rules with the Sec 332 rules for liquidation of a subsidiary corporation with respect to the following items a Recognition of gain or loss by the distributee corporation b Recognition of gain or loss by the liquidating corporation c Basis of assets in the distributee corporations hands d Treatment of the liquidating corporations tax attributes

Question: Compare the general liquidation rules with the Sec. 332 rules for liquidation of a subsidiary corporation with respect to the following items: a. Recognition of

Compare the general rules with the Sec. 332 rules for of a subsidiary with respect to the following items:
a. Recognition of gain or loss by the distributee Recognition of gain or loss by the liquidating Basis of assets in the distributee corporation’s hands
d. Treatment of the liquidating corporation’s tax attributes

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