Exit Corporation has accumulated E&P of $25,000 ?at the beginning of the current tax year. Current...
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Accounting
Exit Corporation has accumulated E&P of $ ?at the beginning of the current tax year. Current E&P is $ ?During the year, the corporation makes the following distributions to its sole shareholder who has a $ ?basis for her stock.
Date Amount Distributed
April ? $
June
August
November
Determine how much of each distribution is from current E & P ?accumulated E & P ?a return of capital, or capital gain.
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