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Mary is a shareholder in CarrolliCo, a calendar year S corporation. At the beginning of the year, her stock basis is $10,000, her share of
Mary is a shareholder in CarrolliCo, a calendar year S corporation. At the beginning of the year, her stock basis is $10,000, her share of the AAA is $2,000, and her share of corporate AEP is $6,000. At the end of the year, Mary receives from CarrollCo a $6,000 cash distribution. Mary's share of 5 corporation items includes a $2,000 longterm cacital gain and a $10,000 ordinary loss. Determine the effects of these events on Mary's share of the entity's AAA, her stock basis, and CarrollCo's AEP. If an item has no effect or an amount is zero, enter " 0 ". Enter amounts as positive numbers. However, use the minus sign to indicate if a "balance" amount is negative
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