Corporate Basis- Why Does It Matter?

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  • #3230544
    jdl
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    Several examples are given on the shareholder basis. If received up to CEP, it’s treated as dividend income for instance to the shareholder and doesn’t affect the shareholder basis. But, what about corporate basis? Where does that serve a purpose in the general picture? I see we calculate for corporate basis for property. Can anyone clarify? Thanks.

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