A personal holding company cannot take a dividends-paid deduction for
A)throwback dividends.
B)consent dividends.
C)deficiency dividends.
D)preferential dividends.

Question

Quizplus · Accepted Answer

Preferential dividends are not eligible for a dividends-paid deduction because they are not distributed equally among all shareholders, violating the requirement for equal treatment.

A Personal Holding Company Cannot Take a Dividends-Paid Deduction for