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22. Shareholder's Basis in S Corporation Stock. (Obj. 4 its AAA and $8,000 of E&P) distributes $15,000 to one of its sharen adjusted basis in

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22. Shareholder's Basis in S Corporation Stock. (Obj. 4 its AAA and $8,000 of E&P) distributes $15,000 to one of its sharen adjusted basis in his shares of stock was $12,000 prior to the distrib corporation Stock. (Obj. 4) An S corporation (with a $5,000 balance in utes $15,000 to one of its shareholders. The shareholder's a. Is the shareholder taxed on the distribution, and if so, how? b. Compute the shareholder's basis in the stock after the distribution. > Corporations Shareholder's Basis in s Corporation Stock. (Obj. 4) An S corporation (with a $3,000 balance AAA and no E&P) distributes $9.000 to one of its shareholders. The shareholder's basis in his shares of stock was $5,000 prior to the distribution. a. Is the shareholder taxed on the distribution, and if so, how? b. Compute the shareholder's basis in the S stock after the distribution. 22. Shareholder's Basis in S Corporation Stock. (Obj. 4) An Scorporation (with a $5,000 balance in its AAA and $8,000 of E&P) distributes $15,000 to one of its shareholders. The shareholders adjusted basis in his shares of stock was $12,000 prior to the distribution. a. Is the shareholder taxed on the distribution, and if so, how? b. Compute the shareholder's basis in the stock after the distribution. 22. Shareholder's Basis in S Corporation Stock. (Obj. 4 its AAA and $8,000 of E&P) distributes $15,000 to one of its sharen adjusted basis in his shares of stock was $12,000 prior to the distrib corporation Stock. (Obj. 4) An S corporation (with a $5,000 balance in utes $15,000 to one of its shareholders. The shareholder's a. Is the shareholder taxed on the distribution, and if so, how? b. Compute the shareholder's basis in the stock after the distribution. > Corporations Shareholder's Basis in s Corporation Stock. (Obj. 4) An S corporation (with a $3,000 balance AAA and no E&P) distributes $9.000 to one of its shareholders. The shareholder's basis in his shares of stock was $5,000 prior to the distribution. a. Is the shareholder taxed on the distribution, and if so, how? b. Compute the shareholder's basis in the S stock after the distribution. 22. Shareholder's Basis in S Corporation Stock. (Obj. 4) An Scorporation (with a $5,000 balance in its AAA and $8,000 of E&P) distributes $15,000 to one of its shareholders. The shareholders adjusted basis in his shares of stock was $12,000 prior to the distribution. a. Is the shareholder taxed on the distribution, and if so, how? b. Compute the shareholder's basis in the stock after the distribution

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