United States IRC sections
Statute section
IRC section 301
Distributions of property
Country
United States
Section
301
Updated
2026-05-20
Operative text
Section 301 governs the tax treatment of distributions of property by a corporation to a shareholder. Distributions out of earnings and profits are taxable as dividends; in excess of E&P, they reduce stock basis; further excess gives rise to gain.
Cross-references
26 U.S.C. 31626 U.S.C. 312
Related guides
Primary sources
- 26 U.S.C. section 301Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.