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5 . As part of a liquidation, Buckeye Corporation distributes to its shareholders land held as an investment. The FMV is $ 2 0 0

5 .

As part of a liquidation, Buckeye Corporation distributes to its shareholders land held as an investment. The FMV is $

200, 000

and the basis is $

100, 000 .

What is Buckeye

s gain on the distribution of the land, if any?

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