Barb owns all 100 shares of Crown Corporation stock having a $1.1 million FMV. Her basis in the stock is $400,000. Crown's E&P balance is $700,000. Grant would like to purchase the stock but wants only the corporation's non-cash assets valued at $750,000. Grant is willing to pay $750,000 for these assets. Read the requirements. . Requirement a. What are the tax consequences to Barb, Grant, and Crown if Grant purchases 75 shares of Crown stock for $750,000 and Crown redeems Barb's remaining 25 shares for $350,000 cash? of Barb will recognize She will recognize an additional on her sale of 75 shares of Crown Corporation stock to Grant. on the redemption of her remaining shares by Crown. of - Requirements a. What are the tax consequences to Barb, Grant, and Crown if Grant purchases 75 shares of Crown stock for $750,000 and Crown redeems Barb's remaining 25 shares for $350,000 cash? b. How would your answer to Part a change (if at all) if Crown first redeems 25 shares of Barb's stock for $350,000 and then Grant purchases the remaining 75 shares from Barb for $750,000? Print Done