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If a distribution occurs within ________ years of the contribution date, in a nonliquidating distribution that does not qualify for Sec. 751 treatment, the distribution event may trigger a precontribution gain or loss.
Operating Activities
Activities directly related to the primary business operations of a company, including the production, distribution, and sale of goods and services.
Net Income
The total profit of a company after all revenues, expenses, taxes, and dividends have been deducted.
Dividends
Payments made by a corporation to its shareholder members, usually derived from the company's profits.
Operating Activities
Day-to-day actions and transactions related to running a business, such as selling products, paying wages, and purchasing inventory.
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