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Business, 03.07.2019 01:50 tamaraquirozmorales

Husker corporation reports current e& p of negative $200,000 in 20x3 and accumulated e& p at the beginning of the year of $300,000. husker distributed $200,000 to its sole shareholder on december 31, 20x3. the shareholder's tax basis in her stock in husker is $50,000. how is the distribution treated by the shareholder in 20x3?

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Husker corporation reports current e& p of negative $200,000 in 20x3 and accumulated e& p at...
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