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Which of the following types of property would be ineligible for loss recognition on a liquidating distribution? Assets purchased from a related party Assets owned
Which of the following types of property would be ineligible for loss recognition on a liquidating distribution?
Assets purchased from a related party | ||
Assets owned prior to making an S Corp election | ||
Assets contributed in a Sec. 351 exchange | ||
All assets qualify for loss recognition on a liquidating distribution |
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