Sell Corporation has 400 shares of its only class of stock outstanding. Mr. Church owns 60 shares,
Question:
Sell Corporation has 400 shares of its only class of stock outstanding. Mr. Church owns 60 shares, his wife owns 80 shares, his son owns 200 shares, and his son's daughter owns 60 shares. Under the constructive ownership rules for stock redemptions, how many shares of Sell Corporation's stock is the son's daughter considered to own?
a. 60
b. 200
c. 260
d. 400
e. None of the above
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Related Book For 
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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