N.H. Admin. Code § Rev 903.03

Current through Register No. 50, December 12, 2024

Section Rev 903.03 - Measurement of Non-Cash Distributions

In instances where property, other than cash, is distributed as a dividend, the computation of the dividend amount received by the shareholder shall be:

(a) Determined by the property's fair market value as of the date of the distribution;

(b) Limited to the amount of the organization's accumulated profits; and

(c) Reduced by the amount of any of the organization's liabilities assumed by the shareholder in connection with such distribution.

N.H. Admin. Code § Rev 903.03

#4557, eff 12-28-88; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04; ss by #10211, eff 10-24-12