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Finch Corporation distributes property (basis of $225,000, fair market value of $300,000) to a shareholder in a distribution that is a qualifying stock redemption. The property is subject to a liability of $160,000, which the shareholder assumes. The basis of the property to the shareholder is:

Respuesta :

Answer:

$300,000

Explanation:

The computation of the basis of the property to the shareholder is shown below:

As there are many values given in the question but the basis to the shareholder property should be equivalent to the fair market value i.e. $300,000

The same is to be considered

All other values that are mentioned is to be ignored as they are not relevant.

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