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    Federal Taxation
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    Exam 14: Property Transactions: Determination of Gain or Loss and Basic Considerations
  5. Question
    The Amount of a Corporate Distribution Qualifying for Capital Recovery
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The Amount of a Corporate Distribution Qualifying for Capital Recovery

Question 94

Question 94

True/False

The amount of a corporate distribution qualifying for capital recovery treatment that exceeds the shareholder- recipient's basis in the stock investment is treated as a capital gain.

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