During the year, Y Corporation distributed property worth $10,000 (basis $6,000) to its sole shareholder, R.If R assumes a liability to which the property is subject, both the amount of the distribution and the basis of the property will be affected.

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The Answer of During the year, Y Corporation distributed property worth $10,000 (basis $6,000) to its sole shareholder, R.If R assumes a liability to which the property is subject, both the amount of the distribution and the basis of the property will be affected.

During the Year, Y Corporation Distributed Property Worth $10,000 (Basis