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Q5 GBC has Accumulated E & P deficit of (500,000) and in 2020 has current E & P of 200,000. GBC makes a distribution of

Q5 GBC has Accumulated E & P deficit of (500,000) and in 2020 has current E & P of 200,000. GBC makes a distribution of 100,000 in 2020 to its 100% shareholder. This is ALL of the distrib...

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