Question Completion Status QUESTION 7 All realized and recognized losses reduce taxable income for an individual during the year of disposition True False QUESTIONS A regular type C corporation and its sole owner are two separate distinct taxpayers True False QUESTION 9 George owns all the stock of Acme, Inc. (adjusted basis of $250,000). If he receives a distribution from Acme of $80,000 a when corporate accumulated earnings and profits are $40,000, and current earnings and profits are $15,000, He has zero dividend $55,000 Dividend $85,000 Dividend zero Dividend None of the above Save All Click Save and Submit to save and submit. Click Save All Answers to see all ans 16