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Individual B owns publicly traded M stock. On March 31, 2021, B receives a distribution of $500 in respect of the M stock. B sees
Individual B owns publicly traded M stock. On March 31, 2021, B receives a distribution of $500 in respect of the M stock. B sees that the M stock financials for 12/31/21 show that M had an overall loss for 2021. B's Form 1099 indicates that $300 of the distribution is from corporate earnings and profits.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
