On July 15, 2020, Lilac Corporation purchased 25% of the Coffee Corporation stock outstanding. Lilac Corporation purchased

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On July 15, 2020, Lilac Corporation purchased 25% of the Coffee Corporation stock outstanding. Lilac Corporation purchased an additional 40% of the stock in Coffee on March 24, 2021, and an additional 20% on May 5, 2021. On September 24, 2021, Lilac Corporation purchased the remaining 15% of Coffee Corporation stock outstanding. For purposes of the § 338 election, on what date does a qualified stock purchase occur? What is the due date for making the § 338 election?

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: May 14, 2023 04:40 AM

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On July 15, 2020, Lilac Corporation purchased 25% of the Coffee Corporation stock outstanding. Lilac Corporation purchased

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

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