Question: Beaver Comparry reports current E 8 P of $ 1 0 0 , 0 0 0 in 2 0 3 and accumulated E 8 P

Beaver Comparry reports current E8P of $100,000 in 203 and accumulated E8P at the beginning of the year of $200,000. Beaver diyrbuted $400,000 to its sole shareholder on January 1,203. The shareholder's tax basis in her stock in Beaver is $200,000. How is the distrbution treated by the shareholder in 20\times c3?
Beaver Comparry reports current E 8 P of $ 1 0 0

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