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A domestic corporation has no accumulated earnings and profits and $1,000 current earnings and profits. It makes a cash distribution of $6,000 to its sole
A domestic corporation has no accumulated earnings and profits and $1,000 current earnings and profits. It makes a cash distribution of $6,000 to its sole shareholder, a nonresident alien. The shareholder's basis in the stock is $2,000. What is the the source of the distribution
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