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When appreciated property is distributed in a nonliquidating distribution, the net effect on the distributing corporation's E&P is that it is reduced by the FMV of the property distributed and increased by the gain (net of federal income taxes)recognized due to the property distribution.
Organize
To arrange or put in order; to structure systematically.
Formal Tone
A style of communication that is polite, restrained, and follows conventional standards and practices.
First-Person Pronouns
Pronouns that refer to the speaker or writer ('I', 'me', 'my', 'mine', 'we', 'us', 'our', 'ours').
Second-Person Pronouns
Pronouns used to address the listener or reader directly, commonly "you" in English.
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