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You are owner of a smaller corporation and have decided to liquidate. With the appeal of General Utilities Doctrine, you would recognize the gain or

You are owner of a smaller corporation and have decided to liquidate. With the appeal of General Utilities Doctrine, you would recognize the gain or loss from the distribution of the property as if you: A. sold the property at fair market value. B. exchanged the property under Section 1031. C. used the property to pay a dividend. D. repossessed the property under Section 1038.

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