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    #1

    Distributions > R/E

    There is a question 6, Sch K, Form 1120, asking whether the corporation issued distributions in excess of Earnings and Profits.

    Occasionally this can happen, and did so for one of my clients. Does anyone know what the IRS does with this information if they gather anything from the question?
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    #2
    They will have

    that information from the 1099div that needs to be issued.

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