26 U.S.C. § 331
Gain or loss to shareholder in corporate liquidations
# (a) Distributions in complete liquidation treated as exchanges
Amounts received by a shareholder in a distribution in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock.
# (b) Nonapplication of section 301
Section 301 (relating to effects on shareholder of distributions of property) shall not apply to any distribution of property (other than a distribution referred to in paragraph (2)(B) of section 316(b)) in complete liquidation.
# (c) Cross reference
For general rule for determination of the amount of gain or loss recognized, see section 1001.
Source: view the official text
Cited by 46
- 26 CFR § 1.1015-5 — Increased basis for gift tax paid.
- 26 CFR § 1.1081-2 — Purpose and scope of exception.
- 26 CFR § 1.1248-1 — Treatment of gain from certain sales or exchanges of stock in certain foreign corporations.
- 26 CFR § 1.1445-5 — Special rules concerning distributions and other transactions by corporations, partnerships, trusts, and estates.
- 26 CFR § 1.1502-13 — Intercompany transactions.
- 26 CFR § 1.168(k)-2 — Additional first year depreciation deduction for property acquired and placed in service after September 27, 2017.
- 26 CFR § 1.197-2 — Amortization of goodwill and certain other intangibles.
- 26 CFR § 1.302-1 — General.
- 26 CFR § 1.306-2 — Exception.
- 26 CFR § 1.316-1 — Dividends.
- 26 CFR § 1.331-1 — Corporate liquidations.
- 26 CFR § 1.332-1 — Distributions in liquidation of subsidiary corporation; general.
Show 34 more
- 26 CFR § 1.336-2 — Availability, mechanics, and consequences of section 336(e) election.
- 26 CFR § 1.338(h)(10)-1 — Deemed asset sale and liquidation.
- 26 CFR § 1.346-1 — Partial liquidation.
- 26 CFR § 1.367(b)-3 — Repatriation of foreign corporate assets in certain nonrecognition transactions.
- 26 CFR § 1.368-2 — Definition of terms.
- 26 CFR § 1.385-3 — Certain distributions of debt instruments and similar transactions.
- 26 CFR § 1.409A-3 — Permissible payments.
- 26 CFR § 1.453-11 — Installment obligations received from a liquidating corporation.
- 26 CFR § 1.514(d)-1 — Basis of debt-financed property acquired in corporate liquidation.
- 26 CFR § 1.562-1 — Dividends for which the dividends paid deduction is allowable.
- 26 CFR § 1.59A-3 — Base erosion payments and base erosion tax benefits.
- 26 CFR § 1.61-6 — Gains derived from dealings in property.
- 26 CFR § 1.6162-1 — Extension of time for payment of tax on gain attributable to liquidation of personal holding companies.
- 26 CFR § 1.663(b)-2 — Election.
- 26 CFR § 1.665(b)-2A — Special rules for accumulation distributions made in taxable years beginning before January 1, 1974.
- 26 CFR § 1.668(b)-2 — Illustration of the provisions of subpart D.
- 26 CFR § 1.897-5T — Corporate distributions (temporary).
- 26 CFR § 1.962-3 — Treatment of actual distributions.
- 26 CFR § 1.963-3 — Distributions counting toward a minimum distribution.
- 26 CFR § 1.965-4 — Disregard of certain transactions.
- 26 CFR § 1.987-13 — Suspended section 987 loss upon terminations.
- 26 CFR § 20.2032-1 — Alternate valuation.
- 26 CFR § 20.6166A-3 — Acceleration of payment.
- 26 CFR § 58.4501-0 — Table of contents.
- 26 CFR § 58.4501-2 — General rules regarding excise tax on stock repurchases.
- 26 CFR § 58.4501-5 — Examples.
- 26 CFR § 58.4501-7 — Special rules for acquisitions or repurchases of stock of certain foreign corporations.
- 26 CFR § 601.201 — Rulings and determinations letters.
- 26 U.S.C. § 301 — Distributions of property
- 26 U.S.C. § 302 — Distributions in redemption of stock
- 26 U.S.C. § 306 — Dispositions of certain stock
- 26 U.S.C. § 3121 — Definitions
- 26 U.S.C. § 332 — Complete liquidations of subsidiaries
- 26 U.S.C. § 453 — Installment method
Nearby sections (25 sections)
- 301 · Distributions of property
- 302 · Distributions in redemption of stock
- 303 · Distributions in redemption of stock to pay death taxes
- 304 · Redemption through use of related corporations
- 305 · Distributions of stock and stock rights
- 306 · Dispositions of certain stock
- 307 · Basis of stock and stock rights acquired in distributions
- 311 · Taxability of corporation on distribution
- 312 · Effect on earnings and profits
- 316 · Dividend defined
- 317 · Other definitions
- 318 · Constructive ownership of stock
- 331 · Gain or loss to shareholder in corporate liquidations
- 332 · Complete liquidations of subsidiaries
- 333 · Repealed. Pub. L. 99–514, title VI, § 631(e)(3), Oct. 22, 1986,…
- 334 · Basis of property received in liquidations
- 336 · Gain or loss recognized on property distributed in complete…
- 337 · Nonrecognition for property distributed to parent in complete…
- 338 · Certain stock purchases treated as asset acquisitions
- 341 · Repealed. Pub. L. 108–27, title III, § 302(e)(4)(A), May 28,…
- 342 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(47), Oct. 4, 1976,…
- 346 · Definition and special rule
- 351 · Transfer to corporation controlled by transferor
- 354 · Exchanges of stock and securities in certain reorganizations
- 355 · Distribution of stock and securities of a controlled corporation