Distributions in excess of basis are treated as gains from the sale of stock.THE TIMING OF BASIS ADJUSTMENTSAll basis adjustments are deemed to occur on the last day of the corporation's tax year or on the date
The Funds currently expect, but do not guarantee, to make distributions on a weekly basis. Distributions may exceed the Funds' income and gains for the Funds' taxable year. Distributions in excess of the Funds' current and accumulated earnings and profits will be t...
the cap applies on an all or nothing basis. If a relevant distribution exceeds £25,000, then all that distribution will be taxed as income in the hands of the shareholder, not just the excess amount. Where the assets are above this figure then the distr...
Class IO Distribution AmountAs defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interes...
(the "Excess"), the Excess would decrease each Fund's total assets and, as a result, would have the likely effect of increasing each Fund's expense ratio. There is a risk the total Net Earnings from each Fund’s portfolio would not be great enough to offset the amount of cash ...
Example 1:A partner with an adjusted basis in their partnership interest of $10,000 receives a distribution of money of $8,000. The partner would recognize no gain under Sec. 731 since the money distribution did not exceed the partner’s adjusted basis. The partner’s adjusted basis would ...
The temperature data obtained at flow rates ranging from 0 to 570 ml/min and power levels from 0 to 150 W showed that acoustic power densities in excess of 1.5 W/cm2 were required to maintain therapeutic temperatures in this system. Contour maps for characterizing the 2-D temperature ...
Tranche Three Excess Grant Distributions means the excess of (i) the 2017 OCGH Grant Distributions paid or payable to Executive with respect to the period beginning on January 1, 2021 and ending on March 31, 2022 over (ii) any portion of such amount that has been applied to reduce any ca...
The NASS produces surveys and reports in their Bee and Honey Program51. Since 2002, NASS has conducted the Census of Agriculture, which surveys any farm that reports revenue in excess of US$1,000. In this census, NASS collects information on the number of colonies, the number of farms, ...
26Sec. 1368(b). If the S corporation stock is held as a capital asset, the resulting income is long-term or short-term capital gain depending on the shareholder’s holding period. If the shareholder holds the stock as a dealer, the distribution in excess of basis will result in ordinary...