Assume the same facts as in Question 7, except that noncash property is distributed What factors must be considered when determining how the distribution is treated for tax purposes by Orange Corporation In Question 7 Orange Corporation distributes $200,000 in cash to each of its three shareholders Sandy, Byron, and Fuchsia Corporation What factors must be considered when determining how the distribution is treated for tax purposes by the shareholders

Question: Assume the same facts as in Question 7, except that noncash property is distributed. What factors must be considered when determining how the distribution is

Assume the same facts as in Question 7, except that noncash property is distributed. What factors must be considered when determining how the is treated for tax purposes by Orange Question 7
Orange distributes $200,000 in cash to each of its three shareholders: Sandy, Byron, and Fuchsia What factors must be considered when determining how the is treated for tax purposes by the shareholders?

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