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Title: Gould Corporation distributes land (a capital asset) worth $90,000 to Gerry, a shareholder. The land ... Post by: safezone on Feb 14, 2017 Gould Corporation distributes land (a capital asset) worth $90,000 to Gerry, a shareholder. The land has a $30,000 basis to Gould. What is the amount and character of the gain or loss recognized by Gould?
Title: Re: Gould Corporation distributes land (a capital asset) worth $90,000 to Gerry, a shareholder. The ... Post by: genflynn on Feb 14, 2017 Content hidden
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