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Quinlan has ample E & P to cover any distributions made during the year. One distribution made to a shareholder consists of a property with

Quinlan has ample E & P to cover any distributions made during the year. One distribution made to a shareholder consists of a property with an adjusted basis of $382,600 and a fair market value of $229,560. If an amount is zero, enter "0".

of s As a result of the distribution, Quinlan Corporation has a realized of which is recognized. The shareholder received property with a basis of

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