Answer:
What is Swan’s taxable gain on the distribution of the cottage?
Fair market value of property = 200000
Less: adjusted basis of property= 115000(150000-35000)
Taxable gain on distribution = 85000
What is Swan's current E&P after the distribution on 12/31/13?
Swans current E&P = 300000
Add: taxable gain on distribution = 85000
Less: distribution made = 165000(200000-35000)
After distribution E&P = 220000
What is the taxable dividend to the shareholder (if any)?
Taxable dividend to shareholders = 200000-35000 = 165000
What is the shareholder's basis in the cottage?
Shareholders basis is FMV of property i.e. 200000
1 internation airport and its called the Ivory Coast
Team leadership model is a tool that is used to choose an effective leader in a way that he or she could be efficient in every way that he or she encountered. Most people use this tool because it contains factors and standards of an effective leader must have
I believe that the best answer to the choices given in your question is<span>b.) big down payment, a shorter term loan, and high interest rate</span>
Thank you for posting here at Brainly.I hope I have answered your question. Have a nice day ahead.