Walker Corporation distributes to its shareholder Brayden (an individual s h) a piece of land with FMV $1,000,000 Walker purchased the land ten years ago for $600,000 Walkers current E P is $200,000 and its accumulated E P is $50,000 Braydens stock basis is $475,000 Brayden owns 85 shares (85 ) of Walker Corporation The remaining 15 shares (25 ) are owned by an unrelated party (6 5 Points) What are the tax consequences to Walker Corp and Brayden if this is a nonliquidating distribution What are the tax consequences to Walker Corp and Brayden if this is a liquidating distribution instead What are the tax consequences to Walker Corp and Brayden if this is a stock redemption instead and in exchange for the land Walker Corp redeems 51 of Braydens shares If you were advising Walker Corp and Brayden on scenarios a c listed above, which scenario would you advise them to proceed with and why

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Walker Corporation distributes to its shareholder Brayden (an individual s h) a piece of land with FMV $1,000,000  Walker purchased the land ten years ago for $600,000  Walkers current E P is $200,000 and its accumulated E P is $50,000  Braydens stock basis is $475,000  Brayden owns 85 shares (85 ) of Walker Corporation  The remaining 15 shares (25 ) are owned by an unrelated party  (6 5 Points) What are the tax consequences to Walker Corp and Brayden if this is a nonliquidating distribution  What are the tax consequences to Walker Corp and Brayden if this is a liquidating distribution instead  What are the tax consequences to Walker Corp and Brayden if this is a stock redemption instead and in exchange for the land Walker Corp redeems 51 of Braydens shares  If you were advising Walker Corp and Brayden on scenarios a c listed above, which scenario would you advise them to proceed with and why

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Walker Corporation distributes to its shareholder Brayden (an individual s/h) a piece of land with FMV $1,000,000. Walker purchased the land ten years ago for

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