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Fargo Corporation distributes property ( basis of $ 1 , 1 9 4 , 4 0 0 and fair market value of $ 1 ,
Fargo Corporation distributes property basis of $ and fair market value of $ to a shareholder. Fargo Corporation has sufficient E & P for its distributions.What are the tax consequences of this distribution to Fargo?Fargo Corporation recognizes a of $ The net to Fargo's E&P is $ The shareholder has dividend income of $
Fargo Corporation distributes property basis of $ and fair market value of $ to a shareholder. Fargo Corporation has sufficient E & P for its distributions.What are the tax consequences of this distribution to Fargo?Fargo Corporation recognizes a of $ The net to Fargo's E&P is $ The shareholder has dividend income of $
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