Question

The tax treatment of corporate distributions at the shareholder level does not depend on: the character of the property being distributed. the earnings and profits of the corporation. the basis of stock in the hands of the shareholder. whether the distributed property is received by an individual or a corporation. none of the above

Answer 1

Any distribution of cash or property to the owners of a corporation is known as a corporate distribution.
The tax treatment of corporate distributions at the shareholder level does not depend on: The character of the property being distributed.
But it depends on the earnings and profits of the corporation, the basis of stock in the hands of the shareholder and whether the distributed property is received by an individual or a corporation.