A shareholder's basis in property received in a stock redemption is the property's fair market value.
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Q12: Betty's adjusted gross estate is $7 million.
Q13: For purposes of a partial liquidation, the
Q14: In a redemption to pay death taxes,
Q19: Reginald and Roland (Reginald's son) each own
Q20: A partial liquidation cannot result in sale
Q21: Three years ago, Darlene received preferred (§
Q46: Sally and her mother are the sole
Q48: Vireo Corporation redeemed shares from its sole
Q49: Grackle Corporation (E & P of $600,000)
Q56: In applying the stock attribution rules to
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