[Solved] s 1. QQQ Corporation has $1,000 of Earnin

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s 1. QQQ Corporation has $1,000 of Earnings and Profits. It makes a distribution to shareholder of $2,000. The shareholder's basis in QQQ is $200.

s 1. QQQ Corporation has $1,000 of Earnings and Profits. It makes a distribution to shareholder of $2,000. The shareholder's basis in QQQ is $200. How much of the distribution is taxable as a dividend? A. $2,000 B. $1,000 C. Zero D. $800 E. $200

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