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Maximus Company reports current E&P of $ 1 5 5 , 0 0 0 in 2 0 2 4 and a deficit of ( $
Maximus Company reports current E&P of $ in and a deficit of $ in accumulated E&P at the beginning of the year. Maximus distributed $ to its sole shareholder Jack on January The shareholder's tax basis in his stock in Maximus is $ How is the distribution treated by the shareholder Jack in
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