A stock acquisition that is not treated as a purchase for purposes of meeting the Sec. 338 rules is

Question

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All of the options listed (A, B, C) describe situations where the stock acquisition is not treated as a purchase for the purposes of meeting the Section 338 rules. Section 338 allows a purchasing corporation to treat the stock purchase of another company as an asset acquisition under certain conditions, but these conditions exclude stock acquisitions where the basis is determined by reference to the previous owner's basis, stock acquired from a decedent, and stock acquired in a tax-free reorganization.

A Stock Acquisition That Is Not Treated as a Purchase