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Which of the following statements is true? a. If boot is transferred in a reorganization qualifying under section 368 , losses can be recognized. b.
Which of the following statements is true? a. If boot is transferred in a reorganization qualifying under section 368 , losses can be recognized. b. The dollar amounts involved in reorganizations are generally substantial; thus, it is important that the financial and tax treatment of the reorganization be consistent. c. Careful planning can ensure that all gains recognized by individual shareholders receive beneficial dividend treatment. d. A letter ruling indicates the income tax treatment the IRS will likely apply to the proposed corporate restructuring transaction
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