Question: its not blurry, answer please 3. How is the September 1 distribution taxed to Heath, Jetta, Petra, and Ashley? Please use the table below September
3. How is the September 1" distribution taxed to Heath, Jetta, Petra, and Ashley? Please use the table below September 1" Percent Dividend Distribution Ownership (from Dividend (from Reduction in Capital Gain Basis current E&P) accumulated E&P) Heath Jetta Ashley Petra 4. How is the October 1" distribution taxed to Heath (please indicate amount of taxable income and how it is taxed? Please use the table below. Also, why doesn't IRC 530216)(1) or 5 3020 (2) apply to her redemption? October 1" Dividend Dividend Reduction in Capital Gain Distribution from current from Basis ESP) accumulated Heath 5. What is Petra's gain realized and gain recognized upon the contribution of the automobile in exchange for 10 shares of Lux Corp.? Does non-recognition treatment under 1.R.C. 5351 apply? Does Lux Corp. realize or recognize any gain upon the issuance of 10 shares to Petra? What is the relevant Code section which set forth the rule? 6. What is Lor's Corp gain for loss) realized and gain for loss) recognized upon the sale of the automobile, and the distribution of the condo? 7. How is the November 14 distribution taxed to detta? Please use the table below. Also, why doesn't IRC 5302(b(1) or 530212) apply to her redemption? November 1 Dividend Dividend Reduction in Capital Gain Distribution from current from Basis E&P) accumulated ) Jetta 8. Is the 2016 merger between Prowess Corp. and Lux Corp. a tax tree reorganization under I.R.C. $368? Why / Why not? 3. How is the September 1" distribution taxed to Heath, Jetta, Petra, and Ashley? Please use the table below September 1" Percent Dividend Distribution Ownership (from Dividend (from Reduction in Capital Gain Basis current E&P) accumulated E&P) Heath Jetta Ashley Petra 4. How is the October 1" distribution taxed to Heath (please indicate amount of taxable income and how it is taxed? Please use the table below. Also, why doesn't IRC 530216)(1) or 5 3020 (2) apply to her redemption? October 1" Dividend Dividend Reduction in Capital Gain Distribution from current from Basis ESP) accumulated Heath 5. What is Petra's gain realized and gain recognized upon the contribution of the automobile in exchange for 10 shares of Lux Corp.? Does non-recognition treatment under 1.R.C. 5351 apply? Does Lux Corp. realize or recognize any gain upon the issuance of 10 shares to Petra? What is the relevant Code section which set forth the rule? 6. What is Lor's Corp gain for loss) realized and gain for loss) recognized upon the sale of the automobile, and the distribution of the condo? 7. How is the November 14 distribution taxed to detta? Please use the table below. Also, why doesn't IRC 5302(b(1) or 530212) apply to her redemption? November 1 Dividend Dividend Reduction in Capital Gain Distribution from current from Basis E&P) accumulated ) Jetta 8. Is the 2016 merger between Prowess Corp. and Lux Corp. a tax tree reorganization under I.R.C. $368? Why / Why not
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