1. Young Amy has a 10,000 basis in her shares of Bitcoin Hustle Co. Bitcoin has 10,000 of accumulated E&Ps at the beginning of Y2, and 4,000 of Y2 E&Ps. During Y2, it makes two distributions of 10,000 to Amy, one in May and one in November.
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   2. What are the tax consequences to young Amy of each of the two distributions?

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There are two types of dividends Ordinary dividends are the foremost common sort of dividend and are ... View the full answer