5. Three brothers own equal shares in X Corp. Brother 3s basis in the stock = $80,000. If X Corp. distributes $60,000 to him for all of his shares as part of a plan of complete liquidation,

a.	brother 3 cannot recognize any realized loss because he is related to the corporation	c.	brother 3 can recognize his realized loss even though he is related to the corporation
b.	brother 3 can recognize his realized loss because he is not related to the corporation	d.	brother 3 does not have any realized loss

6. X Corp. adopts a plan of complete liquidation. It distributes land held as an investment to its shareholders that has a fair market value of $300,000 and an adjusted basis of $200,000. If the land is subject to a liability = to $250,000

a.	X Corp. recognizes a gain = $150,000	c.	X Corp. does not recognize any gain
b.	X Corp. recognizes a gain = $100,000	d.	X Corp. recognizes a gain = $50,000