Deidra owns all 100 shares of Lattice Corporation stock having a $0.9 million FMV. Her basis in the stock is $410,000. Lattice's E&P balance is $490,000. Oliver would like to purchase the stock but wants only the corporation's non-cash assets valued at $750,000. Oliver is willing to pay $750,000 for these assets. Read the requirements, Requirement a. What are the tax consequences Deidra, Oliver, and Lattice it Oliver purchases 75 shares of Lattice stock $750,000 and Lattice redeems Deidra's remaining 25 shares for $150,000 cash? on her sale of 75 shares of Lattice Corporation stock to Oliver lof Deidra will recognize She will recognize an additional Tor on the redemption of her remaining shares by Lattice. - X Requirements a. What are the tax consequences to Deidra, Oliver, and Lattice if Oliver purchases 75 shares of Lattice stock for $750,000 and Lattice redeems Deldra's remaining 25 shares for $150,000 cash? b. How would your answer to Part a change (if at all) if Lattice first redeems 25 shares of Deidra's stock for S150,000 and then Oliver purchases the remaining 75 shares from Deidra for $750,000? Print Done Deidra owns all 100 shares of Lattice Corporation stock having a $0.9 million FMV. Her basis in the stock is $410,000. Lattice's E&P balance is $490,000. Oliver would like to purchase the stock but wants only the corporation's non-cash assets valued at $750,000. Oliver is willing to pay $750,000 for these assets. Read the requirements, Requirement a. What are the tax consequences Deidra, Oliver, and Lattice it Oliver purchases 75 shares of Lattice stock $750,000 and Lattice redeems Deidra's remaining 25 shares for $150,000 cash? on her sale of 75 shares of Lattice Corporation stock to Oliver lof Deidra will recognize She will recognize an additional Tor on the redemption of her remaining shares by Lattice. - X Requirements a. What are the tax consequences to Deidra, Oliver, and Lattice if Oliver purchases 75 shares of Lattice stock for $750,000 and Lattice redeems Deldra's remaining 25 shares for $150,000 cash? b. How would your answer to Part a change (if at all) if Lattice first redeems 25 shares of Deidra's stock for S150,000 and then Oliver purchases the remaining 75 shares from Deidra for $750,000? Print Done