|
Title: Hogg Corporation distributes $30,000 to its sole shareholder, Ima. At the time of the distribution, ... Post by: safezone on Feb 14, 2017 Hogg Corporation distributes $30,000 to its sole shareholder, Ima. At the time of the distribution, Hogg's E&P is $14,000 and Ima's basis in her stock is $10,000. Ima's gain from this transaction is a
A) $6,000 capital gain. B) $14,000 capital gain. C) $20,000 capital gain. D) $30,000 capital gain. Title: Re: Hogg Corporation distributes $30,000 to its sole shareholder, Ima. At the time of the ... Post by: strwbrry on Feb 14, 2017 Content hidden
|