Consider only circumstances involving the sale of a subsidiary of a C corporation. a. Under what circumstances does a Section 338(h)(10) election make sense? b. When is a Section 338(h)(10) election...

Consider only circumstances involving the sale of a subsidiary of a C corporation.

a. Under what circumstances does a Section 338(h)(10) election make sense?

b. When is a Section 338(h)(10) election suboptimal in the sale of a subsidiary of a C corporation? Be concise.