the 4 Questions is the Complete Scenario

Question 27 2 pts There are 4 questions that relate to this scenario: 27 - Tobin has ample E&P to cover any distributions made during the year. One distribution made to a shareholder consists of property with an adjusted basis of $1,339,400 and a fair market value of $803,640. As a result of this transaction, Tobin's REALIZED LOSS is: O 0 O 803,640 o 535,760 Question 28 2 pts 28 - Tobin has ample E&P to cover any distributions made during the year. One distribution made to a shareholder consists of property with an adjusted basis of $1,339.400 and a fair market value of $803,640. As a result of this transaction, Tobin's RECOGNIZED LOSS is: 00 803,640 535,760 Question 29 2 pts 29- Tobin has ample E&P to cover any distributions made during the year. One distribution made to a shareholder consists of property with an adjusted basis of $1,339,400 and a fair market value of $803,640. As a result of this transaction, the shareholder's BASIS in the property is: 1,339,400 O 803,640 Question 30 2 pts 30- Tobin has ample E&P to cover any distributions made during the year. One distribution made to a shareholder consists of property with an adjusted basis of $1,339,400 and a fair market value of $803,640. As a result of this transaction, Tobin's E&P is reduced by: -OO 803,640 1,339.400