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The ABC company bought land 2 years ago for $20,000. The FMV,now is $24,000 the corporation still owes $15,000 on this purchase.The company makes a

The ABC company bought land 2 years ago for $20,000. The FMV,now is $24,000 the corporation still owes $15,000 on this purchase.The company makes a non liquidating distribution of this propertyto a 1 answer

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