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Tammy owns 60 percent of the stock of Huron Corporation. Unrelated individuals own the remaining 40 percent. For a stock redemption of a portion of

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Tammy owns 60 percent of the stock of Huron Corporation. Unrelated individuals own the remaining 40 percent. For a stock redemption of a portion of Tommy's shares to be treated as an exchange under the substantially disproportionate" rule, the redemption must reduce Tammy's stock ownership in Huron Corporation below 48 percent True or False True False

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