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Determine the amount of taxable dividend, nontaxable distribution, and capital gain for the distributions made in each of the following cases: a. Corporate E&P of
Determine the amount of taxable dividend, nontaxable distribution, and capital gain for the distributions made in each of the following cases: a. Corporate E&P of $10,000, shareholder stock basis of $12,000, distribution of $6,000. b. Corporate E&P of $7.500, shareholder stock basis of $7,000, distribution of $6,500. c. Corporate E&P of $16,000, shareholder stock basis of $5,000, distribution of $17,000. d. Corporate E&P of $14,000, shareholder stock basis of $11,000. distribution of $26,000
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