Colorado Corporation, a C Corporation, reported current E&P of $250,000 in 2023. At the beginning of 2023, Colorado Corporation had a negative accumulated E&P of ($100,000). On December 31, 2023, Colorado Corporation distributed $300,000 to its sole shareholder, David. How much of the distribution is treated as a dividend by David?

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Solution To determine the amount of the distribution that is treated as a dividend by David ... View the full answer