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If a taxpayer participated in a Son of Boss transaction through a grantor trust, does the taxpayer need to file two Notices of Election?

April 26, 2017boss election file grantor notices participated son taxpayer transaction Trust

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If a taxpayer participated in a Son of Boss transaction through a grantor trust, does the taxpayer need to file two Notices of Election?

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A-4a.4. No, the taxpayer need only file one Notice of Election for the transaction.