Question: Question 17 10 pts Dried Fruit Corp. has had a valid Corp election in effect at all times since its incorporation. The Dried Fruit Corp,

Question 17 10 pts Dried Fruit Corp. has had a valid Corp election in effect at all times since its incorporation. The Dried Fruit Corp, stock is owned one-third by Rakin and two thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year. Risin's basis in his shares was $90,000 and Prune's basis in her shares was $30.000. During the current year, Dried Fruit Corp, eamed $540,000 of niet income from operations Raisin's share was $180,000; Prune's share was $360,000. On July 1st. Dried Fruit Corp, distributed $240,000 to Raisin and $480,000 to Prune. How much gain does Raisin recognize as a result of this transaction? $30,000 $60,000 $0 50.000

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