Helen is the sole shareholder of an S corporation in Puyallup. At the time when her stock basis is $20,000, the corporation distributes appreciated property worth $100,000 (basis of $20,000). Helens taxable gain is:

Group of answer choices

$0.

$100,000.

$10,000.

$80,000.

During 2019, Svetlana, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. On December 31, 2018, her stock basis was $4,000. The corporation earned $11,000 ordinary income during the year. It has no accumulated E & P. Which statement is correct?

Group of answer choices

a. Svetlanas ordinary income is $15,000.

b. Svetlana recognizes a $1,000 LTCG.

c. Svetlanas return of capital is $11,000.

d. Svetlanas stock basis will be $2,000.