Assume a corporation winds up its operations and is left with cash on hand of $1,400,000 to
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume a corporation winds up its operations and is left with cash on hand of $1,400,000 to distribute to shareholders. The corporation has a capital dividend account of $275,000 and a PUC of $350,000. The corporation has one shareholder, who holds 32,000 shares with an adjusted cost base of $310,000.
How will the proceeds be taxed to the shareholder?
Related Book For
Posted Date: