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How the distribution are taxed to Ashley and Francisco ? Ashley's recognized gain on 7/1 sale to Francisco? 10. Ashley, the sole shareholder of beginning

How the distribution are taxed to Ashley and Francisco ? Ashley's recognized gain on 7/1 sale to Francisco?

10. Ashley, the sole shareholder of beginning of the year. On July 1, sh 1, Hawk has accumulated E & P of Hawk makes the following cash dis Francisco on December 1. Use the taxed to Ashley and Francisco an Current year E&P Div. Inc. Ret

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