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Corporate Distributions in Complete Liquidations

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When may a liquidating corporation recognize a loss on a liquidating distribution?

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This solution explains when a liquidating corporation can recognize a loss on a liquidating distribution. References are also provided.

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According to current tax law, a liquidating corporation can recognize a loss on a liquidating distribution when the liquidation is not part of a reorganization. If a reorganization is taking place, a loss is not allowed on a liquidating distribution. At the time of the liquidating ...

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