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Serena (an individual) owns 90% of the SYZ Corporation. The other 10% of SYZ is owned by the ABC Corporation. If Serena liquidates the SYZ

Serena (an individual) owns 90% of the SYZ Corporation. The other 10% of SYZ is owned by the ABC Corporation. If Serena liquidates the SYZ Corporation, will she be able to defer any of the gain realized on the liquidation under Section 332 (Parent/subsidiary liquidation).

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