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safezone safezone
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Posts: 782
2 years ago
Family Corporation, a corporation controlled by Buddy's family, redeems all of Buddy's stock. For the redemption to be treated as a sale, which one of the following conditions must be met?
A) Buddy cannot be a creditor of the corporation after the redemption.
B) Buddy cannot be an officer of the corporation after the redemption.
C) Buddy cannot acquire an interest, even by inheritance, for 10 years unless the bequest was made prior to the redemption.
D) Buddy must have purchased the redeemed stock from a person whose stock ownership would be attributed to Buddy.
Textbook 

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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That's not philosophy, it's geometry
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RimounRimoun
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2 years ago
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2 weeks ago
thank you
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