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PLEASE HELP! WILL THUMBS UP! Why is dividend income 250,000?! I'm so lost, please help. Current E&P $300,000 and Accumulated E&P $200,000 . During the
PLEASE HELP! WILL THUMBS UP! Why is dividend income 250,000?! I'm so lost, please help.
Current E&P $300,000 and Accumulated E&P $200,000. During the year Zeta distributes $600,000 to shareholders (A&B $300,000 to each). A has a basis in his stock $50,000 and B has a basis of $200,000.
Calculate the effect of the distribution on A and B.
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