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kodGreya [7K]
4 years ago
13

Husker corporation reports current e&p of negative $200,000 in 20x3 and accumulated e&p at the beginning of the year of

$300,000. husker distributed $200,000 to its sole shareholder on december 31, 20x3. the shareholder's tax basis in her stock in husker is $50,000. how is the distribution treated by the shareholder in 20x3?
Business
1 answer:
Ksivusya [100]4 years ago
3 0
Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.
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<em></em>

<em>Note: Look at the formula bar to see how IRR was calculated. </em>

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