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6. Susco distributed two assets in a transaction that qualified as a redemption.One asset had an adjusted basis of $100,000 and a fair market of
6. Susco distributed two assets in a transaction that qualified as a redemption.One asset had an adjusted basis of $100,000 and a fair market of $135,000.The other asset had an adjusted basis of $220,000 and a fair market value of $200,000. AS a result of there distributions Susco has: a. A recognized loss of $20,000 and no recognized gain b. A recognized gain of $35,000 and no recognized loss c.A net gain of $15,000 d.No recognized gain or loss e. None of the above
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