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distributions and redemptions (taxation) Q1) A and B, both individuals, each owns 50 shares of X Corp. A and B have bases in their X
distributions and redemptions (taxation)
Q1) A and B, both individuals, each owns 50 shares of X Corp. A and B have bases in their X stock of 60 and 120 respectively. X has accumulated E&P of 100. X distributes 10 shares of common each to A and B. What consequences from this distribution?
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