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The Recipient of a Tax-Free Stock Distribution Will Have a Zero

question 93

True/False

The recipient of a tax-free stock distribution will have a zero tax basis in the stock.


Definitions:

Positive Construction

A way of framing thoughts, ideas, or feedback in a positive, affirming manner.

Simplified English

A version of the English language adapted to be more understandable, with restricted vocabulary and grammar.

Passive Voice

A grammatical construction in which the noun or noun phrase that would be the object of an active sentence appears as the subject of a sentence with passive voice.

Active Voice

A sentence structure where the subject performs the action stated by the verb directly.

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