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Author Question: Nguyen Corporation, a calendar-year corporation, has a $40,000 current E&P deficit and a $60,000 ... (Read 57 times)

sarasara

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on: Sep 13, 2020
Nguyen Corporation, a calendar-year corporation, has a $40,000 current E&P deficit and a $60,000 positive accumulated E&P balance. Also assume that shareholders of the corporation have a total basis in outstanding shares of $35,000. A $75,000 distribution is made to the shareholders on the last day of the year. What is the tax treatment of the $75,000 distribution to the shareholders?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by sarasara on Sep 13, 2020

rekilledagain

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sarasara

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

bigsis44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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