LO8 Assume the same facts as in problem 87. In the next year, TAG distributes $5,000 to

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LO8 Assume the same facts as in problem 87.

In the next year, TAG distributes

$5,000 to Logo. What are the tax effects of the distribution?

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Concepts In Federal Taxation 2011

ISBN: 9780538467926

18th Edition

Authors: Kevin E. Murphy, Mark Higgins

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