A inherited 100% of Corp. X from her mothers estate. Original Stock Basis was $100,000, FMV of Corp. X at Moms death was $300,000, and Corp. X has E&P of $250,000. On June 15, 2022, X makes a distribution of $100,000.

X completely liquidates on 12/31/2022 when basis of its assets are $100,000.

How is the 6/15/2022 distribution taxed (1 -2 words) _______________________________

Code Section for Part a. above __________

Does Corp. X report any gain/loss on liquidation and if so enter amount and character

___________________

Give Code Section for Part c __________

Does A recognize any Gain/Loss and if so, give amount and category. _____________

Code Section(s) for Part e. __________