A liquidating corporation always recognizes gain realized in a complete liquidation.

Name: A liquidating corporation always recognizes gain realized in a complete liquidation.
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A liquidating corporation does not always recognize gain in a complete liquidation; it depends on the specific tax provisions applicable, such as whether the liquidation results in a loss or if special tax rules apply that defer or exclude the recognition of gain.

A Liquidating Corporation Always Recognizes Gain Realized in a Complete