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Subject Topic: Liquidating Distributions (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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guimeldorta
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Joined: 04 Oct 2016
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Posted: 04 Oct 2016 at 10:11 | IP Logged  

Regards,

I will take the REG Exam and I have a big doubt about Liquidating Distributions. I understand that when a Shareholder receive money in amount over the basis, the Shareholder will recognize GAIN. Now, if the Shareholder receive just a property (Land) with FMV above the basis of the Shareholder, Did I have to recognize a GAIN?

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