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Author Question: Total Corporation has earned $75,000 current E&P and has an accumulated E&P deficit from prior year ... (Read 28 times)

fbq8i

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on: Sep 13, 2020
Total Corporation has earned $75,000 current E&P and has an accumulated E&P deficit from prior year of $25,000.  The corporation pays a $100,000 distribution to shareholders.  Shareholders of the corporation have a total stock basis of $40,000.  The tax results of the distributions to the shareholders will be
◦ dividend income of $75,000 and tax-free return of capital of $25,000.
◦ dividend income of $50,000, tax-free return of capital of $40,000 and capital gain of $10,000.
◦ dividend income of $100,000.
◦ dividend income of $60,000 and tax-free return of capital of $40,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by fbq8i on Sep 13, 2020

jasonq

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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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fbq8i

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Reply 2 on: Sep 13, 2020
Wow, this really help

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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