One consequence of a property distribution by a corporation to a shareholder is that
A) the amount of the distribution is increased by any liability assumed by the shareholder.
B) the holding period of the distributed property includes the holding period of the distributing corporation.
C) the shareholder's basis in the distributed property is the same as the distributing corporation's basis.
D) any liabilities assumed by the shareholder do not reduce the shareholder's basis.
D) any liabilities assumed by the shareholder do not reduce the shareholder's basis.
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