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Blake and Gainer each make a distribution of $300,000 to its sole shareholder. Determine the character of the distribution made by each company. Shareholder's basis

Blake and Gainer each make a distribution of $300,000 to its sole shareholder. Determine the character of the distribution made by each company. Shareholder's basis in stock at 1/1/2018 $50,000. This is S Corporation Distributions

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