A Sec. 332 liquidation requires a complete statement be filed with the distributee's tax return

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A complete statement must be filed with the distributee's tax return when a liquidating distribution is received under Sec. 332. This statement includes information about the distribution, such as the amount, the date of receipt, and the shareholder's basis in the stock. This information is necessary for the shareholder to calculate their gain or loss on the distribution for tax purposes.

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