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Tan Corporation has Accumulated E & P of $250,000. Current year E&P of 50,000. It distributes land with a fair market value of $75,000 (adjusted

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Tan Corporation has Accumulated E & P of $250,000. Current year E&P of 50,000. It distributes land with a fair market value of $75,000 (adjusted basis of $90,000) to its sole shareholder, Troy: a. What is Troy's Dividend income? b. How much is added/subtracted in calculating Tan's E&P

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