If you own 70% of an S Corporation and paid dividends of $10,000 with a stock basis

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If you own 70% of an S Corporation and paid dividends of $10,000 with a stock basis of $40,000, is this part of Dividend income, and how would I have to report it on a tax return?

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Concepts in Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Sep 30, 2020 01:02 AM

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If you own 70% of an S Corporation and paid dividends of $10,000 with a stock basis

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Dividends are paid by S corporations after net income is calcu... View the full answer

Concepts in Federal Taxation

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