Alpha Corporation purchased 20% of Theta Corporations stock on each of the following dates in the current

Question:

Alpha purchased 20% of Theta Corporation’s stock on each of the following dates in the current year: January 2, April 1, June 1, October 1, and December 31.
a. Has a qualified stock purchase occurred? If it so desires, when must Alpha make the deemed sale election under Sec. 338?
b. How would your answer to Part a change if instead the purchase dates were January 1, April 1, and September 2 of the current year, and January 3, and April 15 of the following year?
c. If either Part a or b fails to be a qualified stock purchase and Alpha made its initial purchase on April 1 of the current year, what is the latest date on which Alpha can make the final stock purchase needed to qualify for a Sec. 338 election? Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...