If a Corporation Owns Less Than 20% of the Stock

question 110

True/False

If a corporation owns less than 20% of the stock of the distributing corporation,the dividends-received deduction is not allowed for the recipient corporation.

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Definitions:

Somatic Cells

Any cell of the body except sperm and egg cells, which are involved in the formation of an organism's tissues and organs.

Chromosomal Abnormalities

Genetic disorders caused by changes in the number or structure of chromosomes, leading to physical or mental developmental issues.

Conception

The process of fertilization where an egg and sperm combine to form a zygote, marking the beginning of pregnancy.

Miscarriages

The spontaneous loss of a pregnancy before the fetus can survive outside the womb, typically before 20 weeks of gestation.