A Stock Acquisition That Is Not Treated as a Purchase

question 78

Multiple Choice

A stock acquisition that is not treated as a purchase for purposes of meeting the Sec. 338 rules is

• A) stock acquired in a tax- free reorganization.
• B) stock acquired from a decedent.
• C) stock whose adjusted basis is determined by its basis in the hands of the person from whom it was acquired.
• D) All of the above are correct.

---

Definitions:

Call Bell

A device used by patients to alert or call for medical staff assistance, commonly found in hospitals and long-term care facilities.

Hearing Aid

A small electronic device worn in or behind the ear that amplifies sound for people with hearing loss.

Batteries

Devices consisting of one or more electrochemical cells with external connections, used to power electrical devices.

Personal Hygiene

The self-care that includes bathing, toileting, general body cleaning, and grooming.