In general, a noncorporate shareholder that receives a distribution in complete liquidation of the liquidating corporation recognizes his or her entire realized gain as a capital gain.

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This is generally true for noncorporate shareholders. However, there are some exceptions and special rules that may apply in certain cases. It is always advised to consult with a tax professional for individual situations.

In General, a Noncorporate Shareholder That Receives a Distribution in Complete