A Sec. 332 liquidation requires a complete statement be filed with the distributee's tax return
A)when a liquidating distribution is received.
B)when the liquidation plan is adopted.
C)when the liquidation is compiled.
D)No statement is required with the return.

Question

Quizplus · Accepted Answer

A complete statement is required to be filed with the distributee's tax return when a liquidating distribution is received in a Sec. 332 liquidation. This statement should include information such as the distributing corporation's EIN, the date of the distribution, the amount of the distribution, and the basis of any stock received.

A Sec 332 Liquidation Requires a Complete Statement Be Filed with with the Distributee's