5.

Please show the reasoning behind the answer. Thanks.

6.

Please show the reasoning behind the answer. Thanks.

The tax treatment of corporate distributions at the shareholder level does not depend on: o lhe character of the property being distributed. O The carnings and profts of the corporation. O The basis of stock in the hands of the sharcholder Whether the distributed property is reccived by an individual or a corporation. None of the other choices arc correct. Next