This year, Bobcat Company reports a deficit in current E P of ( $ 3 0 0 , 0 0 0 ) that accrued evenly throughout the year At the beginning of the year, Bobcat's accumulated E P was $ 2 0 0 , 0 0 0 Bobcat distributed $ 2 0 0 , 0 0 0 to its sole shareholder, Melanie, on June 3 0 of this year Melanie's tax basis in the Bobcat stock before the distribution was $ 7 5 , 0 0 0 Note Leave no answer blank Enter zero if applicable Negative amount should be indicated by a minus sign d Prepare a draft of Bobcat's form 5 4 5 2 for this year You may assume that the June 3 0 distribution was Bobcat's first and only distribution Note Visit the IRS website and download Form 5 4 5 2

Question

This year, Bobcat Company reports a deficit in current E P of ( $ 3 0 0 , 0 0 0 ) that accrued evenly throughout the year  At the beginning of the year, Bobcat's accumulated E P was $ 2 0 0 , 0 0 0   Bobcat distributed $ 2 0 0 , 0 0 0 to its sole shareholder, Melanie, on June 3 0 of this year  Melanie's tax basis in the Bobcat stock before the distribution was $ 7 5 , 0 0 0   Note  Leave no answer blank  Enter zero if applicable  Negative amount should be indicated by a minus sign  d   Prepare a draft of Bobcat's form 5 4 5 2 for this year  You may assume that the June 3 0 distribution was Bobcat's first and only distribution  Note  Visit the IRS website and download Form 5 4 5 2

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Question

This year, Bobcat Company reports a deficit in current E&P of ( $ 3 0 0 , 0 0 0 ) that accrued evenly throughout

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