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Question 10 10 pts Dried Fruit Corp. has had a valid 5 Corp election in...

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Question 10 10 pts Dried Fruit Corp. has had a valid 5 Corp election in effect at all times since its incorporation. The Dried Fruit Corp stock is owned one-third by Rain and two-thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year, Rain's basis in this shares was $78.000 and Prune's basis in her shares was $26,000. During the current year, Dried Fruit Corp. camned $468.000 at net income from operations Raisin's share was $156,000: Prune's share was $312.000. On December 31st Dried Fruit Corp. distributed Grapeacre real property tuvinga fair market value of $156,000, and a basis of $104.000 to Raisin and Plumacre (real property having a tal market value of $312.000 and a basis of $286,000, to Prune. How much gain does Raisin recognize as a result of this transaction? $78,000 SO $25,000 O $52.000

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