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At the beginning of the current year, both Austin and Briana own 5 0 % of Apple Corporation. In July, Austin sold her stock to
At the beginning of the current year, both Austin and Briana own of Apple Corporation. In July, Austin sold her stock to Tia for $ At the beginning of the year, Apple Corporation had accumulated E & P of $ and its current E & P is $prior to any distributions Apple distributed $ on March $ to Austin and
$ to Briana and distributed another $ on October $ to Tia and $ to Briana What are the tax implications of the $ distribution to Tia?
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