Complete the following schedule for each case. Unless otherwise indicated, assume that the shareholders have ample basis
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Accumulated E & P Beginning of Cash Distributions (All on Last Dividend Current E & P Day of Y Income Return of Capital Year a. ($200,000 70,000 b, 0,000 90,000 120,000 (120,000) 70,000 (60,000) $130,000 210,000 150,000 130,000 d. e. Same as (d), except that the distribution of $130,000 is made on June 30
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Related Book For
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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