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tovarclaudia055
16.10.2019 •
Business
Hannah, greta, and winston own the stock in redpoll corporation (e & p of $900,000) as follows: hannah, 600 shares; greta, 400 shares; and winston, 1,000 shares. greta is hannah’s daughter, and winston is hannah’s brother. redpoll corporation redeems 400 of hannah’s shares (basis of $55,000) for $240,000. hannah purchased the stock three years ago as an investment. with respect to the stock redemption, hannah has
a. long-term capital gain of $185,000.b. long-term capital gain of $240,000.c. dividend income of $185,000.d. dividend income of $240,000.e. none of the above.
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hola
Explanation: