Even though the parent corporation in a § 332 liquidation uses the carryover basis of the subsidiary as its basis in the assets received, the depreciation recapture rules apply to the subsidiary.

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The Answer of Even though the parent corporation in a § 332 liquidation uses the carryover basis of the subsidiary as its basis in the assets received, the depreciation recapture rules apply to the subsidiary.

Even Though the Parent Corporation in a § 332 Liquidation