Courtney received a liquidation distribution from Dark Lizard Corp. as part of a redemption of all of

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Courtney received a liquidation distribution from Dark Lizard Corp. as part of a redemption of all of its stocks. Courtney's basis for her Dark Lizard stock was $14092. In exchange for her stock, Courtney received property with a $10689 basis and a $34015 fair market value that is subject to a $17489 mortgage, and also received cash of $13228. What is Courtney's realized and recognized gain from this complete liquidation? Question 15Answer a. $6428 b. $33151 c. $15662 d. $9825 e. $29754

Posted Date: May 18, 2024 10:08 PM

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Courtney received a liquidation distribution from Dark Lizard Corp. as part of a redemption of all of

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