jokerr6323
06.12.2019 •
Business
Shepherd corporation had earnings and profits of $500,000 before distributions. due to economic conditions, shepherd, in partial liquidation, distributed land having an adjusted basis of $67,500 and a fair market value of $75,000 to ms. rinnie for 95% of her interest in shepherd. ms. rinnie’s adjusted basis in the stock at the time of the distribution was $90,000. what is the amount of shepherd corporation’s recognized gain or loss?
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Ответ:
answer is b guys
Explanation: