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Title: Parent Corporation purchases all of Target Corporation's stock for $200,000 and makes a deemed ... Post by: safezone on Feb 14, 2017 Parent Corporation purchases all of Target Corporation's stock for $200,000 and makes a deemed liquidation election. Target Corporation has Class I assets with an adjusted basis of $55,000 and an FMV of $55,000; Class II assets with an adjusted basis of $40,000 and an FMV of $60,000; and Class V assets with an adjusted basis of $70,000 and an FMV of $100,000. The Class V assets are subject to a $20,000 liability. Assume a 34% corporate tax rate. What is the adjusted grossed-up basis of Target Corporation's stock?
Title: Re: Parent Corporation purchases all of Target Corporation's stock for $200,000 and makes a deemed ... Post by: Rimoun on Feb 14, 2017 Content hidden
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