On March 15,2016,Blue Corporation purchased 10% of the Gold Corporation stock outstanding.Blue Corporation purchased an additional 40% of the stock in Gold on October 24,2016,and an additional 25% on April 4,2017.On July 25,2017,Blue Corporation purchased the remaining 25% of Gold Corporation stock outstanding.
a.For purposes of the § 338 election, on what date does a qualified stock purchase occur?
b.What is the due date for making the § 338 election?

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The Answer of On March 15,2016,Blue Corporation purchased 10% of the Gold Corporation stock outstanding.Blue Corporation purchased an additional 40% of the stock in Gold on October 24,2016,and an additional 25% on April 4,2017.On July 25,2017,Blue Corporation purchased the remaining 25% of Gold Corporation stock outstanding.
a.For purposes of the § 338 election, on what date does a qualified stock purchase occur?
b.What is the due date for making the § 338 election?

On March 15,2016,Blue Corporation Purchased 10% of the Gold Corporation