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What are the two steps of a Sec. 338 deemed liquidation election?
Endowment Effect
A phenomenon in which people ascribe more value to things merely because they own them.
Examples
Specific instances or cases used to illustrate a principle, method, or phenomenon.
Self-Enhancement
The tendency for individuals to promote their self-image by focusing on positive feedback and minimizing negative feedback.
Culture
The shared beliefs, practices, norms, and values of a group of people that shape their behavior and perspectives.
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