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How much of Tracy's distribution will be taxed as a dividend? 2. Tracy and Jerome, equal share distributions on December 31 of $1,000,000 and it

How much of Tracy's distribution will be taxed as a dividend?

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2. Tracy and Jerome, equal share distributions on December 31 of $1,000,000 and it has no accumu $1,200,000 (basis of $400,000). I How much of Tracy's distribution a. $0 b. $300,000 c. $500,000 $600 000

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