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Author Question: A calendar-year corporation has a $75,000 current E&P amount, and a $25,000 positive accumulated E&P ... (Read 99 times)

asd123

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on: Sep 13, 2020
A calendar-year corporation has a $75,000 current E&P amount, and a $25,000 positive accumulated E&P balance at the beginning of the year. Shareholders of the corporation have a total basis in outstanding shares of $40,000. The corporation pays a $120,000 distribution to the shareholders. The tax results to the shareholders will be
◦ dividend income of $100,000 and capital gain of $20,000.
◦ dividend income of $60,000 and capital gain of $60,000.
◦ dividend income of $100,000 and no other consequences.
◦ dividend income of $100,000 and a tax-free return of capital of $20,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by asd123 on Sep 13, 2020

zoeyesther

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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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asd123

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

hollysheppard095

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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