1 point A. Inc. has 1,000 shares of common stock outstanding. These shares are owned by two individuals who are not related parties under IRC Section 318 M (500 shares and (400 shares). A. Inc. has current & accumulated earnings de profits of $15,000,000. A. Inc. faces a marginal tax rate of 215. 150 shares owned by 5 were redeemed. The redemption price paid amounted to $1,200,000. The price was paid by A. Inc. in the form of land distributed to Swith a cost basis to the corporation of $500,000. Sud $2.000 for each share of his stock when he acquired at five years ago. What are the tax results to Sif Mis unrelated? OOOO No gain recognized $150,000 Long-term Capital Gain $1.200.000 dividend O $150,000 Dividend Previous Next