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    Federal Taxation
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    Exam 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges-Part 1
  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 80

Question 80

True/False

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

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