求解几道选择题！ tax相关的

vividlai

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收藏 2015-03-15

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X Co. adopts a plan of complete liquidation and makes the following pro rata distributions to its shareholders (assume all are individuals):
A Cash: $70,000;
B Inventory: FMV-$20,000 Basis-$20,000 Mortgage-$10,000;
C Inventory: FMV-$30,000 Basis-$15,000 Mortgage-$40,000;
D Capital Asset: FMV-$500 Basis-$2,800;
(Assume that X Co. acquired the property distributed to D in a Sec. 351 transfer 6 months before adopting the plan of liquidation when the FMV of the property was $800 and X Co.’s basis was $2,800).
E Capital Asset: FMV-$10,000 Basis-$4,000.

Each shareholder had a $1,000 basis in the X Co. stock.

Question:
The gain or loss recognized by:

A is: a. 0; b. $-1,000 capital loss; c. $69,000 capital gain; d. None of the above.

B is: a. 0; b. $9,000 capital gain; c. $19,000 capital gain; d. None of the above.

C is: a. $-39,000 capital loss; b. $29,000 capital gain; c. $-11,000 capital loss; d. None of the above.

D is: a. $500 capital gain; b. $-500 capital loss; c. $1,800 capital gain; d. None of the above.

E is: a. 0; b. $9,000 capital gain; c. $-1,000 capital loss; d. None of the above.

C’s basis in the property received is: a. $5,000; b. $30,000; c. $40,000; d. None of the above.

分别算5个人的gain or loss 和c的basis in property！！求解答！！！