Reference no: EM133078235
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 $10,000, shareholder stock basis of $12,000, distribution of $6,000.
b. Corporate E&P of $7,500, 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.