Explain the tax consequences to a U.S. shareholder of a CFC distribution of previously taxed Subpart F

Question:

Explain the tax consequences to a U.S. shareholder of a CFC of previously taxed Subpart F income?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...