If a parent corporation makes a § 338 election,the subsidiary is treated as a new corporation as of the day following the qualified stock purchase date.

Name: If a parent corporation makes a § 338 election,the subsidiary is treated as a new corporation as of the day following the qualified stock purchase date.
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When a parent corporation makes a § 338 election, the subsidiary is treated as a new corporation as of the day following the qualified stock purchase date.

If a Parent Corporation Makes a § 338 Election,the Subsidiary