CCH Federal Taxation-Comprehensive Topics more had pur $50. Reina owned stock in Kane Corp. During the 54. The stoc owned b current year, Kane Corp. completely liquidated and distributed the following to Reina: are fathe complet Cash $50,000 land wit Warehouse to Fred E Fair market value 550,000 Subject to a mortgage of 100,000 $500,00 along w Reina's basis for her Kane Corp. stock was which DOBE $275,000 and she will take title to the Browar warehouse subject to the mortgage. What is $75,00 Reina's recognized gain resulting from the a. He DO liquidation and her basis for the warehouse? Br. liq 51. Judy owned two blocks of Burr Corp. stock b. H which she had purchased as investments: Fr c. W Shares Acquired Baris