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Finch Corporation distributes property (basis of $225,000, fair market value of $300,000) to a shareholder in a distribution that is a qualifying stock redemption. The property is subject to a liability of $160,000, which the shareholder assumes. The basis of the property to the shareholder is:
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Finch Corporation distributes property (basis of $225,000, fair market value of $300,000) to a share...
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