§ 1.346-3. Effect of certain sales.
38 words·~1 min read·
/us/cfr/t26/s§ 1.346-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The determination of whether assets sold in connection with a partial liquidation are sold by the distributing corporation or by the shareholder is a question of fact to be determined under the facts and circumstances of each case.