In a Sec.338 Election,the Target Corporation

question 22

Multiple Choice

In a Sec.338 election,the target corporation

• A)will no longer file a separate return.
• B)must use the preacquisition tax year.
• C)will have a holding period for assets beginning on the day after the acquisition date.
• D)is considered to be a continuation of the old target corporation for purposes of the tax attribute carryover rules.

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