Timing ufGainss Recognition. Pttor owns 25% of Chosstown Corporation stool: in which in: has a Ill] adiustcd basis. In cash of I11: following situations, what amount of ginll'loss 1will Potts mpott in tlu: ourrcnt fcarl' In tho mart 1war? a. Pater is a cash motllod of amounting taxpayer. Crosstown dttcnnints on Doomnhcr 24 of tin: current )rcar that it will malt: a $260,031 liquidating distrilnition to Pom: Cross- town pays tho liquidating distribution on January 3 of tin: ns'tt groan b. Assum: u: saJn: facts as in Part a cmpt that Potot is an aoorual mstliod of accounting tamajrcr