Which of the Following Corporate Distributions Would Qualify as a Partial

question 43

Multiple Choice

Which of the following corporate distributions would qualify as a partial liquidation?

• A)A distribution to an individual shareholder of excess inventory by a clothing retailer who has been in the business for seven years. The corporation continues to operate a car wash business it has owned for six years.
• B)A distribution to an individual shareholder of stock held for investment for more than five years. The corporation continues to operate three businesses it has owned for more than five years.
• C)A distribution to an individual shareholder of the assets of a business owned and operated by the corporation for the last six years. The distribution was pursuant to a pro rata redemption of stock from the shareholders. The corporation continues to operate another business it has owned for the last ten years.
• D)A distribution to a corporate shareholder of the proceeds from the sale of the assets of a business owed and operated for the last eight years. The (distributing) corporation continues to operate a business it has owned for the last seven years.
• E)None of the above.

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