Type PLR Subject 6.01 - Distributions - Generally 6.06 - Distributions - Preferential Dividends Keywords Dividends-choice of stock or cash Elective Stock Dividends Preferential Dividends Year 2015 IRS Link http://www.irs.gov/pub/irs-wd/201516050.pdf Tax Report Link TaxReport (September 3, 2015) Summary Elective stock distribution is a dividend; IRS expresses no opinion whether preferential Title PLR 201516050