The Amount of a Corporate Distribution Qualifying for Capital Recovery

question 94

True/False

The amount of a corporate distribution qualifying for capital recovery treatment that exceeds the shareholder- recipient's basis in the stock investment is treated as a capital gain.

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Definitions:

Same Tone

A phrase that might imply identical pitch or sound quality; however, without context, its specific meaning is unclear. Likely not a standard key term in most disciplines.

Muscle

A tissue in the body composed of fibers capable of contracting to effect bodily movement.

Shortens

The process or action of making something shorter in length or duration.

Striated Muscle

Muscle tissue that is marked by transverse dark and light bands, found in the skeletal muscles and cardiac muscle, enabling voluntary movements.