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To qualify under the "not essentially equivalent to a dividend redemption" type, there must be a meaningful reduction in the shareholder's interest in the redeeming corporation, which is a subjective test. However, in the IRS's opinion, a meaningful reduction has definitely not occurred when a shareholder's interest after the redemption isa)more than 20%.b)less than 50%.c)equal to 50%.d)more than 50%.

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