as of january 1, 2023 Khoury corporation had a deficit in accumulated E&P of $20,000. for calendar year 2023, current E&P (which was earned uniformly throughout the year) was positive $75,000. on july 1 2023, Khoury Corporation distributed $85,000 to its shareholders (its only distribution this year). how much of the distribution is taxed as dividend income for 2023?

micca transferred a building that had an adjusted basis of $75,000 and a fair market value of $130,000 to Cao Corporation. She received 80% of cao's stock ($100,000 FMv) and $30,000 cash. what is Cao Corporation's basis in the building