Answered You can hire a professional tutor to get the answer.
I have three cases, and for each I need to determine the amount of taxable dividend, return of capital, and capital gain in each.
Need help learning how to solve this:
I have three cases, and for each I need to determine the amount of taxable dividend, return of capital, and capital gain in each.
- Corporate earnings and profits of $620,000; stockholder basis in stock of $75,000; distribution of $240,000.
- Corporate earnings and profits of $45,000; stockholder basis in stock of $35,000; distribution of $155,000.
- Corporate earnings and profits of $300,000; stockholder basis in stock of $125,000; distribution of $200,000.