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Posted on Aug 23, 2024

JoeCo owns 4 0 % of the stock of BidenCo. If Joe receives $ 1 , 5 0 0 , 0 0 0 in dividends

JoeCo owns

40 %

of the stock of BidenCo. If Joe receives $

1, 500, 000

in dividends from Biden and has $

4, 000, 000

in income not considering dividends. How much dividends received deduction can JoeCo. claim with respect to these dividends?

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