When a shareholder receives a noncash distribution of property that is encumbered by a liability (the shareholder

Question:

When a shareholder receives a noncash of property that is encumbered by a liability (the shareholder assumes the liability on the how does the shareholder determine the amount of the Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...