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Under Section 336, generally, a liquidating corporation that distributes property: a. recognizes gain or loss as if it sold the property at fair market value
Under Section 336, generally, a liquidating corporation that distributes property:
a. | recognizes gain or loss as if it sold the property at fair market value | c. | wont recognize gain or loss |
b. | recognizes gain as if it sold the property at fair market value, but not loss | d. | should sell the property first and then distribute the proceeds to avoid gain recognition |
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