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What is dividends-received deduction allowed a corporation

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Question - 1. Courtney Vile and Kurt Barnett form Radical Inc.

Courtney contributes a building in which she has a $120,000 adjusted basis, with a $150,000 fair market value, and is subject to a $100,000 mortgage in exchange for 50 shares of Radical worth $50,000.

Kurt contributes inventory that has a $55,000 adjusted basis and fair market value of $50,000 in exchange for 50 shares of Radical. Please show your computation.

2. What is the dividends-received deduction allowed a corporation that receives $170,000 in dividends from a 45 percent owned domestic corporation if 37 percent of the cost of the investment is borrowed to make the purchase?

Reference no: EM133149786

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