Question

4 The parent T Corporation owned 80% of Company J's stock as of February 2, 2016; on June 2, 2016, a liquidating distribution of all of Company J's proper- ty was made to T Corporation in complete redemption of the subsidiary's stock in accordance with a formal plan. Which element of these proceedings was not required by provisions of § 332 regarding liquidation of subsidiaries? a. A formal plan b. 80% ownership of the subsidiary's stock c. 100% property distribution d Distribution of all assets within one taxable year of the subsidiary or a formal plan

          4
The parent T Corporation owned 80% of Company J's stock as of February 2,
2016; on June 2, 2016, a liquidating distribution of all of Company J's proper-
ty was made to T Corporation in complete redemption of the subsidiary's stock
in accordance with a formal plan. Which element of these proceedings was not
required by provisions of § 332 regarding liquidation of subsidiaries?
a. A formal plan
b. 80% ownership of the subsidiary's stock
c. 100% property distribution
d Distribution of all assets within one taxable year of the subsidiary or a
formal plan

4
The parent T Corporation owned 80% of Company J's stock as of February 2,
2016; on June 2, 2016, a liquidating distribution of all of Company J's proper-
ty was made to T Corporation in complete redemption of the subsidiary's stock
in accordance with a formal plan. Which element of these proceedings was not
required by provisions of § 332 regarding liquidation of subsidiaries?
a. A formal plan
b. 80% ownership of the subsidiary's stock
c. 100% property distribution
d Distribution of all assets within one taxable year of the subsidiary or a
formal plan

Added by Brenda F.

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