ACCT 540

S Distributions

Name ___________________________

A distribution of money is made from an S corporation to its sole shareholder. Determine the tax consequences by completing the table below.

In each case the shareholder's basis is $165,000 at the time of the distribution.

AAA	E&P	Distribution	Tax Free ROC	Capital Gain	Dividend	End Basis	End AAA
150,000	20,000	150,000
250,000	150,000	300,000
50,000	300,000	480,000
250,000	300,000	450,000
50,000	100,000	200,000
50,000	250,000	60,000