Liquidating definition


05-Jan-2020 10:25

liquidating definition-11

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Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company.

Published by Houghton Mifflin Harcourt Publishing Company.

If the stock is a capital asset in the hands of the shareholder, the shareholder has a capital gain or loss on the exchange.

The maximum tax rate for both long-term capital gains (realized after May 5, 2003, and before 2013) and dividends (for tax years beginning after 2002 and before 2013) is 15%.

liquidating definition-12

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A distribution is treated as one made in complete liquidation of a corporation if it is one in a series of distributions in redemption of all the stock of the corporation pursuant to a plan of liquidation (Sec. As a result, all the distributions necessary to effect a complete liquidation of a corporation do not have to take place on the same date or even in the same year. 80-177 raises the issue of the constructive receipt of assets by shareholders when a corporation adopts a plan of liquidation and the shareholders are entitled to a liquidation distribution at any time after a certain date. Therefore, taxpayers should consider making the final distribution before 2013. A shareholder may claim a loss on a series of distributions only in the year the loss is definitely sustained.331 for the difference between the FMV and the shareholder’s basis in the stock).