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when a parent corporation liquidates its subsidiary corporation, what is the tax effect of the liquidation to the parent and the subsidiary, assuming no special
when a parent corporation liquidates its subsidiary corporation, what is the tax effect of the liquidation to the parent and the subsidiary, assuming no special elections?
Taxable to the parent and the subsidiary
Taxable to the parent but not the subsidiary
Nontaxable to the parent but taxable to the subsidiary
Nontaxable to the parent and nontaxable to the subsidiary
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