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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 $150,000 and a fair market value of $90,000.

As a result of the distribution, Quinlan Corporation has a realized loss of $___________ which it is not allowed to recognize.

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