Alpha Corporation 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 . Read the Requirement a. Has a qualified stock purchase occurred? If it so desires, when must Alpha make the deemed sale election under Sec. 338 ? I because Alpha Corporation purchased the minimum of Theta Corporation's stock within the requisite 12-month period. If it so desires, Alpha must make the deemed sale election on or before Requirement 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? A qualified purchase occurred. Alpha Corporation purchased Theta's stock within the period required to qualify. Therefore, the purchase of Requirement 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? Assuming the initial purchase date is April 1 of the current year (Part a), the latest date on which Alpha can make the final stock purchase is of the year. Assuming the initial purchase date is April 1 of the current year (Part b), at least % of Theta's stock acquired in a 12-month time period. Therefore, the purchase eligible for the Sec. 338 election