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Capital Gains
Top Takeaways 1: Capital Assets include your home and stocks A capital asset is basically anything you own for personal or investment purposes, such as your home, stocks, artwork and other household furnishings. 2:
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Corporate Distributions in General
Top Takeaways 1: Distributions can be money or property Distributions are any kind of payment or transfer of property to a shareholder with respect to their stock. A corporation may distribute cash or other
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S Corporation Defined
Top Takeaways 1: S Corporations are not subject to Corporate Taxation An S corporation is not subject to corporate tax rates and is generally exempt from federal income tax. An S corporation passes profit
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