JS Corporation elected to be treated as an S corporation for federal income tax purposes. For Year JS Corporation distributed Equipment A with FMV of $ and basis of $ to one of its shareholders, Sunny at the end of year. Immediately prior to the distribution, Sunnys basis in the corporation was $ JS Corporations income or losses for the year was $

Provide Sunnys outside basis in JS Corporation and inside basis in Equipment A immediately after the distribution.

Assuming that JS Corporation was a C corporation for federal income tax purposes, provide Sunnys outside basis in JS Corporation and inside basis in Equipment A immediately after the distribution. Assume that JS Corporation is subject to federal income tax rate and no historical E&P was generated.

Assuming that JS Corporation was a partnership for federal income tax purposes, provide Sunnys outside basis in JS partnership and inside basis in Equipment A immediately after the distribution.