Jill owns a C Corp and received a distribution of $20,000 for the year. Current E &
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Jill owns a C Corp and received a distribution of $20,000 for the year. Current E & P is $10,000 and accumulated E & P is $5,000. Jill has an investment of $10,000 in the C-Corp. How would the distribution be recorded?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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