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Business, 21.08.2019 05:20 samstuart10p3g96w

28. ellen received a liquidating distribution from lopas corp. as part of a redemption of all of its stock. ellen’s basis for her lopas stock was $13,000. in exchange for her stock, ellen received property with a $10,000 basis and a $35,000 fair market value that is subject to a $18,000 mortgage, and also received cash of $15,000. what is ellen’s realized and recognized gain from this complete liquidation

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