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Other Fields Homework Help Accounting Topic started by: Sheena Maskell on Jan 11, 2017



Title: An S corporation distributes land to its shareholders. The land has a $60,000 basis and a $90,000 ...
Post by: Sheena Maskell on Jan 11, 2017
An S corporation distributes land to its shareholders. The land has a $60,000 basis and a $90,000 FMV. The basis of the land to the shareholders is
A) $0.
B) $30,000.
C) $60,000.
D) $90,000.


Title: Re: An S corporation distributes land to its shareholders. The land has a $60,000 basis and a ...
Post by: MsLippy on Jan 11, 2017
Content hidden


Title: Re: An S corporation distributes land to its shareholders. The land has a $60,000 basis and a $90,000 ...
Post by: Sheena Maskell on Mar 20, 2017
I took a chance with your answer

It was right