Question: Enter problem statement, appropriate input type, and other instructions here. Eva owns 100 % of Eva, Inc. Her basis in her shares is $100,000.
Enter problem statement, appropriate input type, and other instructions here. Eva owns 100 % of Eva, Inc. Her basis in her shares is $100,000. In a liquidating distribution, Eva receives cash of $50,000 and a building with a fair market value of $1,000,000 and a tax basis of $400,000. The basis that Eva has in the building received in the distribution is OA $1,000,000 B. $1,050,000 OC. $100,000 OD. $400,000
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