Type PLR Subject 6.01 - Distributions - Generally 6.06 - Distributions - Preferential Dividends Keywords Dividends Paid Deduction Choice of Stock or Cash Elective Stock Dividends Preferential Dividends Year 2015 IRS Link http://www.irs.gov/pub/irs-wd/201516047.pdf Tax Report Link TaxReport (September 1, 2015) Summary Elective stock distribution is a dividend that is not preferential Title PLR 201516047