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Business, 07.05.2020 09:59 bstine6678

Rosalie owns 50% of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $592,000 to Rosalie in exchange for one-half of her shares, which have a basis of $740,000. Rosalie has a $ realized loss of which $ is recognized.

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Rosalie owns 50% of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, S...

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