Question: State whether True or False and please be sure your answer is right, thank you. 20. A stock distribution in lieu of money is nontaxable

State whether True or False and please be sure your answer is right, thank you.

State whether True or False and please be sure your answer

20. A stock distribution in lieu of money is nontaxable only if the recipient opts to receive stock. The value of Corp. A preferred stock distributed to a holder of Corp. A common stock is a taxable event to the recipient shareholder. 21

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