 The bill provides that, in general, gain or loss is recognized to a corporation on a distribution of its property in complete liquidation, as if it had sold the property at fair market value.  Tax Reform Proposals: Corporate Taxation - Page 35by United States. Congress. House. Committee on Ways and Means - 1985 - 75 pagesFull view - About this book
 | 1986 - 98 pages
...or Loss on Liquidating Sales and Distributions The conference agreement provides that, in general, gain or loss is recognized to a corporation on a distribution of its property in complete liquidation, as if it had sold the property at fair market value. This repeals... | |
 | 1987 - 1412 pages
...subchapter S. Dittributions in complete liquidation General rule The Act provides that, in general, gain or loss is recognized to a corporation on a distribution of its property in complete liquidation. The distributing corporation is treated as if it had sold the... | |
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