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treu or false 4. Corporate distributions are dividends only if there are sufficient current earnings and profits. 5. A shareholder's basis in property received from
treu or false
4. Corporate distributions are dividends only if there are sufficient current earnings and profits. 5. A shareholder's basis in property received from a corporation is the basis of the corporation of such property in a current distribution. 6. A distributing corporation may be required to recognize gain on the distribution of property to a shareholderStep by Step Solution
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