Question
.I own 100 of the 1000 shares of MSH corporation. I paid $1 per share, and they are now worth $5 per share. MSH corporation
.I own 100 of the 1000 shares of MSH corporation. I paid $1 per share, and they are now worth $5 per share. MSH corporation redeems 10 of my shares for $50. MSH corporations E&P prior to the redemption was $10,000.
Q: What tax result?
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Advanced Quality Auditing
Authors: Lance B. Coleman
1st Edition
087389913X, 978-0873899130
