1) Assume that C purchased 200 shares of stock X Corporation for $11,000 five years ago and also purchased 100 shares of stock of X corporation for $1,000 three months ago. X Corporation liquidates, and C receives $30 per share for a total of $9,000. C receives a distribution of $6,000 with respect to the 200 shares purchased five years ago for $11,000. Determine the tax consequences to C 2) Assume that B holds 300 shares of common stock of X corporation. B'S basis for 100 shares (Block 1) is $500. B's basis for the other 200 shares (Block 2) is $2,000. In 2017, X corporation adopts a plan of liquidation pursuant to which it distributes $1,800 to B in 2017 and $900 in 2018. Determine the tax consequences to B 3) Assume that D is the sole shareholder of Y corp. D's Basis for the stock is $1,000. Y corporation owns a factory and inventory. Y corporation sells the factory and inventory for a $10,000 promissory note payable in five equal principle installments (with interest) and then distributes the note to D in complete liquidation. Determine the tax consequences to D 4) What are the tax consequence to the corporations of the following alternative liquidating distribution? Lynch, inc distributes its assets to George and dick as tenants in common. George taking an undivided 4/5th in each parcel of real estate (green acre) (and 160,000 in cash), and dick taking an undivided 1/5th in each parcel of land (and $40,000 in cash). Green Arce was acquired four years ago, when its fair market value and basis were both $500,000, as a contribution by George in section 351 transaction in exchange for enough stock to increase his stock ownership from 40% to 80% Determine the tax consequence to all parties