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6. Orange Corp. distributes $200,000 in cash to each of its three shareholders: Sandy, Byron, and Fuchsia Corp. What factors must be considered when determining
6. Orange Corp. distributes $200,000 in cash to each of its three shareholders: Sandy, Byron, and Fuchsia Corp. What factors must be considered when determining how the distribution is treated for tax purposes by the shareholders? Assume the same facts, except that property is distributed. What factors must be considered when determining how the distribution is treated for tax purposes by Orange Corporation?
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