For purposes of the § 338 election,a corporation must acquire,in a taxable transaction,at least 50% of the stock (voting power and value)of another corporation within an 12-month period.

Question

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For a § 338 election, a corporation must acquire at least 80% of the stock (voting power and value) of another corporation within a 12-month period in a taxable transaction.

For Purposes of the § 338 Election,a Corporation Must Acquire,in