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QUESTION Freddie has been the sole (one hundred percent (100%) shareholder of Robert Corporation, a calendar years Corporation since 1901 At the end of 2020

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QUESTION Freddie has been the sole (one hundred percent (100%) shareholder of Robert Corporation, a calendar years Corporation since 1901 At the end of 2020 Freddie's basis in her sockis 5.38.100 and she receives a distribution of 547 200 from Robert Corporation Corporate level accounts of Robert Corporation are as follow Accumulated Adpisments Account) $19.000 Previously Taxed Income (PT-516.700. Accumulated Earnings And Profits (AEP) - 37.200 How is Freddie twed on the distribution? AS Taxable Dividend and a 5-0 Long Term Capital Gain A 57.200 Taxable Dividend A 57,200 Taxable Dividend and a $1,900 Long Term Capital Gain A 37.200 Taxable Dividend and a $3.500 Long Term Capital Gain 5000 Cash and Inventory with a basis and Fair Market Value of 519,000 in Complete Liquidation of her Partnership Interest. Her basis in her Partnership Interest was distribution What is Delana's basis in the distributed Inventory? 3.000 QUESTION 7 Freddie has been the sole (one hundred percent (100%)) shareholder of Robert Corporation, a calendar year S Corporation, since 1981. At the end of 2020. Freddie's basis in her stock 338.100 and she receives a distribution of 547 200 from Robert Corporation Corporate level accounts of Robert Corporation are as follow. Accumulated Adjustments Account (AAA) - $19,800. Previously Taxed Income (PTI) - $16.700 Accumulated Earings And Profits (AEP)- 57.200. How is Freddie taxed on the distribution? AS-O- Taxable Dividend and a 5-0-Long-Term Capital Gain A $7.200 Taxable Dividend A $7,200 Taxable Dividend and a $1,900 Long-Term Capital Gain A $7,200 Taxable Dividend and a 53,500 Long-Term Capital Gain

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