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Within one year after an S corporation terminates its status, any distributions to shareholders are assumed to be: A. a liquidating dividend. B. a repayment

Within one year after an S corporation terminates its status, any distributions to shareholders are assumed to be:

A. a liquidating dividend.
B. a repayment of loans to shareholders.
C. from earnings and profits (taxed as dividends).
D. from the accumulated adjustments account

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