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CCH Federal Taxation Comprehensive Topics 2019 26. Genesis Inc. was formed in 2015. Its current E&P and distributions to shareholders made each year are listed

CCH Federal Taxation Comprehensive Topics 2019

26. Genesis Inc. was formed in 2015. Its current E&P and distributions to shareholders made each year are listed below. Year Current E&P Distribution 2015 ($10,000) $0 2016 ($6,000) $9,000 2017 $11,000 $7,000 2018 $15,000 $19,000 What is Genesis Inc.s year-end accumulated E&P(after the distributions) at the end of each year and what is the tax status of each distribution?

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