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Grounded Air Flight Company had current E&P of $12,000 and accumulated E&P $7,000 when its distributed $20,000 in cash to its shareholders. What woulf be

Grounded Air Flight Company had current E&P of $12,000 and accumulated E&P $7,000 when its distributed $20,000 in cash to its shareholders. What woulf be the taxable dividend and return of capital from this distribution?

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