$$ Example $1$: Big Corp owns $100\%$ of the stock in Little Corp. Little Corp is struggling and Big Corp determines it would be best to liquidate Little Corp. At the time, Little Corp owns an office building worth $$400,000($basis of $$300,000),$ equipment worth $$50,000($basis of $$60,000),$ and a vehicle worth $$20,000($$$0$ basis$).$ Little Corp liquidates and distributes all its assets to Big Corp. What result?