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All Brakes Ltd. provided a loan of $750,000 to Mr. Allen, a principal member of the company on the 1st January 2020. Mr. Allen

All Brakes Ltd. provided a loan of $750,000 to Mr. Allen, a principal member of the company on the 1st January 2020. Mr. Allen repaid the loan December 1st 2020. Is this loan a distribution?

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