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Regarding C-corp cash distribution(non-liquidating and liquidating), I understand the capital gain that the shareholder recognizes due to the cash distribution, but does c-corp recognize anything in this transaction and will show up in form 1120?
I can’t draw the big picture for c-corporation point of view.
Any advise would be appreciated.
AUD - 75
BEC - 76
FAR - 78
REG - 79ALL PASS PLEASE!
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