Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Question – P Corp owns 100% of S Corp. S Corp is liquidated into P Corp. Its sole asset – a building with a cost basis of 100,000 and a FMV of 1 million – was distributed to S Corp as part of the plan of liquidation. S had acquired the building 3 years ago, on 11/13/18.
What gain does S recognize here on the distribution of the building?
What is P’s basis in the building?
When does P’s holding period begin?