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Dans O Corporation has a deficit in accumulated E & Pof $430,000. For 2021, has current E & Pof $370,000. On July 1, 2021, Crimson

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Dans O Corporation has a deficit in accumulated E & Pof $430,000. For 2021, has current E & Pof $370,000. On July 1, 2021, Crimson distributes $390,000 to its sole shareholder, Anita. Anita has a basis of S&s.000 in her stock in Crimson Corporation. As a result of the O Ante tas dividend income of $85,000 and reduces her stock basis to zero. Ana has dividend income of $390,000. Anita has dividend income of $370,000 and reduces her stock basis to $65,000. Anita has no dividend income, reducer hr

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