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I can't seem to get through the second part of this problem. (the explanations) Part 1 Indicate whether each of the following statements about a

I can't seem to get through the second part of this problem. (the explanations)

Part 1

Indicate whether each of the following statements about a liquidation is true or false. If the statement is false, explain why.

a.

Liabilities assumed by a shareholder when a corporation liquidates reduce the amount realized by the shareholder on the surrender of his or her stock.

b.

The loss recognized by a shareholder on a liquidation generally is characterized as an ordinary loss. (Assume the corporation is not a small business or insolvent subsidiary corporation.)

c.

A shareholder's basis for property received in a liquidation is the same as the property's basis in the liquidating corporation's hands.

d.

The holding period for property received in a liquidation includes the period of time it is held by the liquidating corporation.

e.

The tax attributes of a liquidating corporation are assumed ratably by its shareholders.

f.

A parent corporation can elect to recognize gain or loss when it liquidates a controlled subsidiary corporation.

g.

A liquidating subsidiary recognizes no gain or loss when it distributes its property to its parent corporation.

h.

A parent corporation's basis for the assets received in a liquidation where gain is not recognized remains the same as it was to the liquidating subsidiary corporation.

Select the appropriate answer below. (If the answer is "true", leave the explanation column blank.)

Part 2 - Choose and explanation for each false statement

I.

It generally is a capital loss.

II.

It generally is an ordinary loss.

III.

It generally is the property's FMV.

IV.

It generally starts on the day of liquidation.

V.

It generally starts on the day following the liquidation date.

VI.

The attributes generally disappear.

VII.

Nonrecognition of gain or loss is mandatory if the Sec. 332 and 337 requirements are met.

VIII.

Nonrecognition of gain or loss is mandatory if the Sec. 332 and 337 requirements are not met.

My Answers were:

A.True

B. False I.

C. False III.

D. False IV.

E. False VI.

F. False VII.

G. True

H. True

All of my True/False answers were marked correct, but some of my explanations are not.

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