Since 2008, ben has owned all 100 outstanding shares of n and m corporation’s stock. ben’s basis for the stock is $50,000. in 2019, n and m have earnings and profits of $100,000. the corporation redeemed 25 shares of ben’s stock for $75,000 in 2019. how will ben report this?

a. $75,000 dividend. b. $75,000 gain. c. $50,000 gain. d. none of the above

A. $75,000 dividend

Explanation:

This is not  a capital gain as it do not come from the change in the value of the previously owned shares this are new shares.

The shares which N and M provide in favor to Ben are an stock dividend thus, the tax treatment should be of dividends as well.

n

explanation:

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.