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larkson Farm Corporation distributes property ( Basis of $ 2 6 0 , 0 0 0 and a fair market value of $ 3 1
larkson Farm Corporation distributes property Basis of $ and a fair market value of $ to a shareholder. Clarkson Farm Corporation has sufficient E&P for the distribution.
What are the tax consequences of this distribution to Clarkson Farm Corporation?
What basis does the shareholder take in the property distributed?
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Auditing Principles A Systems Based Approach
Authors: Howard F. Stettler
5th Edition
0130517224, 9780130517227
