Business, 16.03.2020 21:58 Vangnunu

Tammy and Barry formed Pheasant Corporation several years ago in a ζritical Thinking transaction that quali自ed under§ 351. Both shareholders serve as officers and on the board of directors of Pheasant. In the current year, Pheasant Corporation redeemed all of Barry’s shares in the corporation with a property distribution. What are the tax issues for Barry and Pheasant?

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