Will the shareholder's tax basis in noncash property received equal the amount she includes in gross income

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Will the shareholder's tax basis in noncash property received equal the amount she includes in gross income as a dividend? Under what circumstances will the amounts be different, if any?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 11:23 AM

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Will the shareholder's tax basis in noncash property received equal the amount she includes in gross income

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Not always Where the shareholder assumes a liability attached to t...View the full answer

Taxation Of Individuals And Business Entities 2015

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