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Posted on Jul 25, 2024

Rosalie owns 5 0 % of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $ 8 0 , 0 0

Rosalie owns

50 %

of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $

80, 000

to Rosalie in exchange for one

-

half of her shares, which have a basis of $

100, 000 .

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