qualified trade or business

(3) Qualified trade or business For purposes of paragraph (2), the term “qualified trade or business” means any trade or business which— (A) was actively conducted throughout the 5-year period ending on the date of the redemption, and (B) was not acquired by the corporation within such period in a transaction in which gain or loss was recognized in whole or in part.

Source

26 USC § 302(e)(3)

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Scoping language

None identified, default scope is assumed to be the parent (subpart A) of this section.

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