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Tangerine Corporation is considering a property distribution to its shareholders. If appreciated property is to be used, does it matter to Tangerine whether the property
Tangerine Corporation is considering a property distribution to its shareholders. If appreciated property is to be used, does it matter to Tangerine whether the property distributed is a long-term capital asset or depreciable property subject to recapture? Would your answer differ if the property distributed has a fair market value less than the adjusted basis? Explain.
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