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Letterpenny

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Letterpenny

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Wednesday, 12/13/2023 12:23:58 PM

Wednesday, December 13, 2023 12:23:58 PM

Post# of 13962
This is what’s one of the key requirements in this tax exemption deal.

“Each such post-distribution business must not have been acquired, directly or indirectly, by a purchase or other transaction in which gain or loss was recognized during the five year period.”

So waiting 5 years after distribution without a gain or loss being recognized is crucial in this tax exemption scheme. Wow. Crazy how patience is one of the most important attributes one must have to win here. Tis the season. Hula Hula Cuckoo Penny
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