Business, 07.12.2019 00:31 suselygonza

Husker corporation reports current e& p of negative $200,000 in year 1 and accumulated e& p at the beginning of the year of $300,000. husker distributed $200,000 to its sole shareholder on december 31, year 1. the shareholder's tax basis in her stock in husker is $50,000. how is the distribution treated by the shareholder in year 1?

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Husker corporation reports current e& p of negative $200,000 in year 1 and accumulated e& p...

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