This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- How shareholders calculate capital gain or loss on a complete liquidation under §331.

- How corporations recognize gain or loss on distributed property as if sold at FMV under §336.

- Why C Corp liquidations result in a double tax, hitting both the corporation and the shareholder.

- The critical exam distinction between liquidating distributions (gains and losses recognized) and non-liquidating distributions (gains only).

- How liabilities assumed by a shareholder affect the gain/loss calculation for both the shareholder and the corporation.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep