@Teal – I still have some doubt in terms of what increases it or decreases it as well. However I do have the distributions part completely mastered (or I think I have )
+Current E&P and + Accum E&P = all distributions dividends to extent of both
+Current E&P and – Accum E&P = all distributions dividends to extent of Current E&P (DO NOT NET)
-Current E&P and + Accum E&P = all distributions dividends to extent of Acc E&P (CAN NET)
– Current E&P and – Accum E&P = no part of the distributions is dividend
If not enough or negative Accum E&P and Current E&P – distributions will be return of capital to the extent that basis is greater than zero, if distribution in excess of basis is left then is taxed as capital gain
Current E&P is proprated among the distributions and Accumulated E&P is distributed first come first served basis. (Becker has a good SIM for this)
BEC - PASSED
AUD - PASSED
REG - PASSED
FAR - PASSED
BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS