Question: ANSWER Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35404-INTERNATIONAL TAXATION - III e E JAIN 221VMCRO0177 JGi BALWINDER SINGH DANG SEMED TO BE UNIVERSITY

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ANSWER Dashboard X + X - C O B
Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35404-INTERNATIONAL TAXATION - III e E JAIN 221VMCRO0177 JGi BALWINDER SINGH DANG SEMED TO BE UNIVERSITY Subject : 21VMC35404-INTERNATIONAL TAXATION - III Exam Start Time : 15/11/2024 10:21 AM Duration : 200 Minutes 28. XYZ Corp. has been an S corporation since inception. In each of year 2019, year 2020, and Show Palette year 2021, XYZ made distributions in excess of each shareholder's basis. Which of the COMPLETE following statements is correct concerning these three years? O A. In year 2019 and year 2020 only, the excess distributions are taxed as capital gain. O B. In year 2019 only, the excess distributions are tax-free. O C. In year 2021 only, the excess distributions are taxed as capital gain. O D. In all three years, the excess distributions are taxed as capital gains. 2024 @ JGIAnveshana. Design & Develop by JGIAnveshana Type here to search ^ 9 () ENG 10:49 15-11-2024 FA

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