Question 6 0 1 point If a Section 338 election is made pursuant to the liquidation of a subsidiary, which of the following statements are correct Pick all that apply The parent takes a new cost value basis in the assets received from the subsidiary The parent takes a carryover basis (same basis as the subsidiary's basis) in the assets received from the subsidiary The subsidiary's tax attributes (for example, loss carryovers, credit carryovers, E P balances) carry over to the parent upon liquidation of the subsidiary The subsidiary, if it continues to exist, is treated as a new corporation and most, if not all, of its existing tax attributes disappear The parent treats its purchase of the subsidiary's stock as if it were a purchase of the subsidiary's assets

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Question 6 0   1 point If a Section 338 election is made pursuant to the liquidation of a subsidiary, which of the following statements are correct  Pick all that apply   The parent takes a new cost value basis in the assets received from the subsidiary  The parent takes a carryover basis (same basis as the subsidiary's basis) in the assets received from the subsidiary  The subsidiary's tax attributes (for example, loss carryovers, credit carryovers, E P balances) carry over to the parent upon liquidation of the subsidiary    The subsidiary, if it continues to exist, is treated as a new corporation and most, if not all, of its existing tax attributes disappear  The parent treats its purchase of the subsidiary's stock as if it were a purchase of the subsidiary's assets

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Question 6 0 / 1 point If a Section 338 election is made pursuant to the liquidation of a subsidiary, which of the following statements

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