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MED CORPORATE OPERATIONS #19 A corporation distributes property which has a basis of $ 16 thousand and a fair market value of $ 65 thousand

MED CORPORATE OPERATIONS #19

A corporation distributes property which has a basis of $ 16 thousand and a fair market value of $ 65 thousand to its sole shareholder. What is the corporation's gain or loss in thousands on the distribution of this property, if any?

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