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ABC Corporation (ABC How 90% of the single class of stock in Subsidiary Corporation. The other 10% is owned by Rosie, an individual. ANC's basis

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ABC Corporation (ABC How 90% of the single class of stock in Subsidiary Corporation. The other 10% is owned by Rosie, an individual. ANC's basis in its subsidiary stock is $200,000 and Role's basis a $90,000. Subsidiary distributes property A having an adjusted basis of $150.000 and an FMV of $720.000 to ABC, and property with a FMV of $80,000 and an adjusted basis of $60,000 to Rosie in a liquidating distribution Subsidiary had $10 milion of earnings and profesot the date of idation What basis to ABC and Rosie have in the property received in the liquidating distribution? OA ABC basis in property A 5150,000 : Rosie's bank in property B$80,000 in property B. ABC's basis in property A $150,000, Rosie's basis in property 500,000 OG ABC's basis in property A $720,000, Rosie's basis in property 580,000 OD. ABC basis in property A $200,000 Rose' basis in property 580,000

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