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  • Chap+21+corrected Slide

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    Jack
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    When a shareholder receives a liquidating distribution from a corporation, if the shareholder's adjusted basis in the stock is greater than the amount received (inside basis > outside basis), the shareholder recognizes a loss. If the inside basis is less than the outside basis, the shareholder recognizes a gain. If the only assets distributed are money or "hot assets," and the inside basis is less than the outside basis, the shareholder recognizes a loss.

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    ACIS 4314 Chapter 21

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    Chap+21+corrected slide

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    When a shareholder receives a liquidating distribution from a corporation, if the shareholder's adjusted basis in the stock is greater than the amount received (inside basis > outside basis), the shareholder recognizes a loss. If the inside basis is less than the outside basis, the shareholder recognizes a gain. If the only assets distributed are money or "hot assets," and the inside basis is less than the outside basis, the shareholder recognizes a loss.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato PPT, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    7 visualizações1 página

    Chap+21+corrected Slide

    Enviado por

    Jack
    When a shareholder receives a liquidating distribution from a corporation, if the shareholder's adjusted basis in the stock is greater than the amount received (inside basis > outside basis), the shareholder recognizes a loss. If the inside basis is less than the outside basis, the shareholder recognizes a gain. If the only assets distributed are money or "hot assets," and the inside basis is less than the outside basis, the shareholder recognizes a loss.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato PPT, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 1

    Liquidating Distributions

    When

    to recognize gain/loss in a liquidating


    distribution
    Inside basis > outside
    basis

    Inside basis < outside


    basis

    Money distribution only

    Gain recognized

    Loss recognized

    Money and hot assets


    only

    N/A

    Loss recognized

    21-1

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