Alpha Corporation, a calendar-year S corporation, has no accumulated earnings and profits at the end of the

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Alpha Corporation, a calendar-year S corporation, has no accumulated earnings and profits at the end of the year. An individual shareholder receives a cash distribution of $10,000 during the year. How will this distribution be recognized, assuming the shareholder has an $8,200 basis in his stock?

Posted Date: Jul 10, 2024 02:04 PM

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Alpha Corporation, a calendar-year S corporation, has no accumulated earnings and profits at the end of the

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