Question: Under Section 336, generally, a liquidating corporation that distributes property: a. recognizes gain or loss as if it sold the property at fair market value

Under Section 336, generally, a liquidating corporation that distributes property:

a.

recognizes gain or loss as if it sold the property at fair market value

c.

wont recognize gain or loss

b.

recognizes gain as if it sold the property at fair market value, but not loss

d.

should sell the property first and then distribute the proceeds to avoid gain recognition

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