Question: Section 3 1 1 ( b ) gain for distributions of appreciated property might result in the triggering of immediate taxable income for taxpayers filing

Section 311(b) gainfor distributions of appreciated property might result in the triggering of immediate taxable income for taxpayers filing state income tax returns in separate return states (not combined, consolidated or unitary) that is otherwise deferred on the US consolidated federal income tax return.
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True
False

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