K purchased all 100 shares of N Corporation in 2008 for $50,000.N Corporation adopts a plan of liquidation on January 1, 2017.On May 1, 2017, N sells its only asset, land, for $10,000 cash and an installment note with a face amount and fair market value of $90,000.On January 8, 2018, N distributes the cash and note to K.On her 2017 tax return, K will report the following as gain or loss from the liquidation.(Assu

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