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An S corporation reports the following balances for Tara the sole shareholder as of 1 / 1 / 2 0 1 1 : PTI: $

An S corporation reports the following balances for Tara the sole shareholder as of 1/1/2011: PTI: $15,000.
Assume the corporation makes a distribution of $200,000.
What are the tax consequences to the shareholder?

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