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Business, 11.10.2019 22:00 officialariana01

Biggain corporation distributes land with a fair market value of $220,000 to its sole shareholder. biggain's tax basis in the land is $115,000. biggain will not be taxed on a gain on the distribution if it has a deficit of ($250,000) in e& p.

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Biggain corporation distributes land with a fair market value of $220,000 to its sole shareholder. b...
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