A liquidated corporation will always recognize loss in a complete liquidation where none of the shareholders is a corporation.

Name: A liquidated corporation will always recognize loss in a complete liquidation where none of the shareholders is a corporation.
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A liquidated corporation may recognize either gain or loss in a complete liquidation, depending on the fair market value of the assets distributed compared to their adjusted basis, regardless of the tax status of the shareholders.

A Liquidated Corporation Will Always Recognize Loss in a Complete