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If a corporation redeems all 10% of shares held by a shareholder, is the redemption treated as a exchange or a distribution

If a corporation redeems all 10% of shares held by a shareholder, is the redemption treated as a exchange or a distribution
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If a corporation redeems all 10% of shares held by a shareholder, is the redemption treated as a exchange or a distribution

User Vincentf
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Answer: It is considered a distribion.

User Bob Makowski
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