Qualifying stock redemption

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Reference no: EM131072126

Finch Corporation distributes property (basis of $225,000, fair market value of $300,000) to a shareholder in a distribution that is a qualifying stock redemption. The property is subject to a liability of $160,000, which the shareholder assumes. The basis of the property to the shareholder is:

$0.

$140,000.

$225,000.

$300,000.

None of the above.

Reference no: EM131072126

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