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The Panic Company has 5 shareholders. Shareholder A owns 5,000 shares, Shareholders B through E each own 500 shares. The company liquidates 2,600 shares of

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The Panic Company has 5 shareholders. Shareholder A owns 5,000 shares, Shareholders B through E each own 500 shares. The company liquidates 2,600 shares of Shareholder A? Does this qualify for partial liquidation exchange treatment to A under IRC Section 302? YES O NO

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