Any distribution of cash or property by a corporation with respect to the stock during a post-termination transition period of approximately one year is applied against and reduces the adjusted basis of the stock.

Name: Any distribution of cash or property by a corporation with respect to the stock during a post-termination transition period of approximately one year is applied against and reduces the adjusted basis of the stock.
Brand: Quizplus
Rating: 4.8 (60 reviews)

Question

Quizplus · Accepted Answer

Only cash distributions qualify for this treatment.

Any Distribution of Cash or Property by a Corporation with Respect