Question
an s corp has no c corp earnings and profits. The sole shareholders basis in the shares is $15000 at the end of the year
an s corp has no c corp earnings and profits. The sole shareholders basis in the shares is $15000 at the end of the year after all adjustments have taken place. The corporation distributed $18000 to the shareholder. What does the shareholder report as a result of this distribution?
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
5th Edition
0470251395, 978-0470251393
