Armand is an owner of Content Company. During the current year, he receives a $15,000 cash distribution

Question:

Armand is an owner of Content Company. During the current year, he receives a $15,000 cash from Content. What is the tax effect of the receipt of the $15,000 if Content is organized as
a. A partnership?
b. A limited liability company?
c. A corporation?
d. An S corporation?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...