LocalCo Merges into HeirCo, a Non-U

question 122

True/False

LocalCo merges into HeirCo, a non-U.S. entity, in a transaction that would qualify as a "Type A" reorganization.
The resulting realized gain is tax-deferred under U.S. income tax law using §§ 351 and 368.

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Definitions:

Salutary Medicine

Relates to the practice of promoting health and well-being through preventive, curative, and rehabilitative measures; often focused on holistic care.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells that can result in death if not treated.

Tuberculosis

A contagious bacterial infection primarily affecting the lungs, causing coughing, fever, and difficulty breathing.

Influenza

A highly infectious viral illness known for causing seasonal outbreaks and characterized by symptoms such as fever, cough, and body aches.