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What gain does Krol have as a result of the distribution

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Problem - Krol Corp. distributed marketable securities in redemption of its stock in a complete liquidation. On the date of distribution, these securities had a basis of $100,000 and a fair market value of $150,000. What gain does Krol have as a result of the distribution?

a. $0

b. $50,000 capital gain

c. $50,000 § 1231 gain

d. $50,000 ordinary gain

Reference no: EM132646865

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