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Business, 09.02.2022 09:40 shadowblade8203

Rebellion, Inc. distributes property worth $20,000 (adjusted basis = $5,000) to its shareholder, Jerry. Rebellion's current E&P was $100,000 at the time of distribution. What is Jerry's basis in the property received?

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Rebellion, Inc. distributes property worth $20,000 (adjusted basis = $5,000) to its shareholder, Jer...
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