### Question
What does 80-percent distributee mean?


### Answer
**80-percent distributee** has the following meaning in *26 U.S.C. § 337*:

> only the corporation which meets the 80-percent stock ownership requirements specified in section 332(b)

#### Citation:
  - *26 U.S.C. § 337*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART II-CORPORATE LIQUIDATIONS > Subpart B-Effects on Corporation**

