Valarie owns 100% of Green Company.Green has earnings and profits of $10,000.The corporation distributes property with a basis of $9,000 and a FMV of $12,000 to Valarie.She must report dividend income of:
A) $12,000.
B) $2,000.
C) $10,000.
D) $9,000.
Correct Answer:
Verified
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