Gross income inclusions and Exclusions( can you explain it to me this discussion forum how it's solve it with the explanation if you don't mind, with details step-by-step

. . . This is a graded discussion: 12 points possible due Oct 25 Week 2 Discussion Forum Edward Beaudin Sam owns all of the stock in a newly formed corporation. During 2019, the first year of operations, the corporation realized current earnings and profits of $10,000. Sam received a $12,000 distribution from the corporation. How much, if any, of the distribution is taxable to Sam? Why? Grading rubric in First Day Handout. Search entries or author Unread + Reply