Identify Which of the Following Statements Is True

question 90

Multiple Choice

Identify which of the following statements is true.

• A)The loss realized on the sale of a property is disallowed when such property was received by a corporation as a contribution of capital in a transaction having as its principal purpose the recognition of loss pursuant to the corporation's subsequent liquidation later in the same taxable year.
• B)Losses claimed in a tax return filed before the adoption of the plan of liquidation are not restricted by Sec. 336(d)(2).
• C)Properties acquired by a liquidating corporation as a capital contribution occurring within three years of the adoption of a plan of liquidation are generally presumed to have a tax avoidance motive.
• D)All of the above are false.

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Definitions:

Reality Television

A genre of television programming that documents unscripted real-life situations, often featuring unknown individuals rather than professional actors.

Stereotypes

Oversimplified and generalized beliefs about a particular group of people or things, often leading to misconceptions.

Minority Journalists

Individuals from underrepresented groups who work in the journalism field, aiming to provide diverse perspectives in news and media.

Diversity

The inclusion and representation of different demographic backgrounds, perspectives, and characteristics within a society, organization, or piece of media.