Determine the amount of taxable dividend

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Question - Determine the amount of taxable dividend, nontaxable distribution, and capital gain for the distributions made in each of the following cases:

a. Corporate E & P of 410,000, shareholder stock basis of $12,000, distribution of $6,000.

b. Corporate E&P of $7,500m shareholder stock basis of $7,000, distribution of $6,500.

c. Corporate E&P of $16,000, shareholder stock basis of $5,000, distribution of $17,000.

d. Corporate E&P of $14,000, shareholder stock basis of $11,000, distribution of $26,000.

Reference no: EM131774297

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