What is the amount of the distribution to Jen

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Reference no: EM132719099

Question - The Alpha Corporation owns a building with a basis of $40,000 that is subject to a debt of $160,000. The FMV of the building is $100,000. Alpha distributes the property in a nonliquidating distribution (along with the debt) to Jen, its sole shareholder. What is the amount of the distribution to Jen?

a. $160,000.

b. $100,000.

c. zero.

d. $60,000.

e. none of the above.

Reference no: EM132719099

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