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Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 6 0 shares with a basis of $ 7 , 5 0

Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a basis of $7,500, and Clyde owns the remaining 40 shares with a basis of $15,500. At year-end, Getaway is considering different alternatives for redeeming some shares of stock. Evaluate whether each of the following stock redemption transactions will qualify for sale and exchange treatment.
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Getaway redeems 10 of Bonnie's shares for $5,500. Getaway has $27,000 of E&P at year-end and Bonnie is unrelated to Clyde.
Getaway redeems 32 of Bonnie's shares for $11,000. Getaway has $27,000 of E&P at year-end and Bonnie is unrelated to Clyde.
Getaway redeems 5 of Clyde's shares for $6,000. Getaway has $27,000 of E&P at year-end and Clyde is unrelated to Bonnie.

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