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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges
  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 235

Question 235

True/False

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

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