Assertion: close corporation's asset | /r/HasProperty | owned by the childs corporation
Facets:
Source sentences:
text: Section 338(h)(10) elections allow you to setup a parent S corporation, use that parent to buy a "child" S corporation which you treat as a QSUB, and then allow you to treat the purchase of the "child" S corporation's stock as if instead you've directly purchased the assets owned by the "child" S corporation.