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Dexter, Inc. made a $30,000 distribution this year to its sole shareholder, Winston. Winston has...

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Accounting

Dexter, Inc. made a $30,000 distribution this year to its sole shareholder, Winston. Winston has a basis in her stock of $20,000. Determine the tax consequences to Y for the following situation. Determine the tax consequences to Winston in the following situation by answering A., B., & C.

Distribution CE&P AE&P Dividend ROC Capital Gain
$30,000 ($20,000) ($6,000) ? ? ?

  1. Determine Winstons Dividend, ROC, and Capital Gain in the following situation. (in $ amt)
  2. Determine Winstons ending stock basis. (In dollar amount)
  3. Determine Winstons Accumulated E&P, beginning of next year. (In dollar amount)

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