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A distribution in excess of E & P is treated as capital gain by shareholders. a. true b. false 2. The tax treatment of corporate
A distribution in excess of E & P is treated as capital gain by shareholders. a. true b. false 2. The tax treatment of corporate distributions at the shareholder level does not depend on: a. the character of the property being distributed. b. the earnings and profits of the corporation c. the basis of stock in the hands of the shareholder d.whether the distributed property is received by an individual or a corporation. e. none of the above
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