For purposes of the application of § 304 (redemptions through the use of related corporations), a shareholder must own (directly or indirectly) at least 50% of the stock of two more corporations.

Question

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Under § 304 of the Internal Revenue Code, a shareholder must own at least 50% of the stock of two or more corporations for the section to apply to redemptions through the use of related corporations.

For Purposes of the Application of § 304 (Redemptions Through