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Distributes investment property to its shareholder.

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Question

Bebop.Inc,distributes investment property to its shareholder. The property was required five years ago and has abasis of $ 50000 and a market value of $ 80000. How will this distribution be treated for tax purpose at both the corporate and shareholder level if Bebop is a C cprporation?

 

Paper#25790 | Written in 18-Jul-2015

Price : $42
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