Freddy; a calendar year, cash basis taxpayer; had the following transactions in 2019: He purchased 2,000...

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Freddy; a calendar year, cash basis taxpayer; had the following transactions in 2019: He purchased 2,000 shares of General El

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Answer 1

Answer #1

$37,000 qualified dividends; $301,000 ordinary dividends

Company	QUALIFIED $	ORDINARY $
General Electric	$ 2,000	$ 0
Crowley Marine	$ 0	$1,000
Huntsville S&L	$ 0	$ 0
Staples	$ 0	$ 0
Alexa Construction (Property)	$ 35,000	$ 0
Alexa Construction (Salary)	$ 0	$ 300,000
TOTAL	$ 37,000	$ 301,000

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Answer 2

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