Question: Assume the same facts as Problem 31, except that TAV distributes a $50,000 interest in the land and $50,000 of accounts receivable to Vincent and

Assume the same facts as Problem 31, except that TAV distributes a $50,000 interest in the land and $50,000 of accounts receivable to Vincent and $25,000 of cash and $25,000 of accounts receivable each to Anita and Tyler. In general terms, describe the tax result of the distribution.

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