Corp A owns 90% of Corp B. John owns 10% of Corp B. Corp B liquidated: distributing land (FMV of 200,000; basis of 145,000) to
Corp A owns 90% of Corp B. John owns 10% of Corp B.
Corp B liquidated: distributing land (FMV of 200,000; basis of 145,000) to John. Also distributing cash of $600,000 and inventory (FMV 500,000/basis of 415,000) to Corp A.
Tax consequences?
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Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
