Riverwalk corporation is liquidated, with juan receiving $5,000 in money, other property having a $6,000 fmv, and a $1,000 mortgage on the property. juan's basis in his river walk stock is $8,000. upon liquidation, juan must recognize a gain ofa. $11,000.
b. $3,000.
c. 0.
d. $2,000.
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