Question: How does a noncorporate shareholder treat the gain on a redemption of stock that qualifies as a partial liquidation of the distributing corporation? a. Entirely

How does a noncorporate shareholder treat the gain on a redemption of stock that qualifies as a partial liquidation of the distributing corporation?

a. Entirely as capital gain.

b. Entirely as a dividend.

c. Partly as capital gain and partly as a dividend.

d. As a tax-free transaction.

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