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McLin, Inc., is a calendar year S corporation. Its AAA balance is zero. Determine the tax aspects of the following transactions. If an amount is

McLin, Inc., is a calendar year S corporation. Its AAA balance is zero. Determine the tax aspects of the following transactions.
If an amount is zero, enter "0". b) McLin holds $90,000 of AEP. Tobias, the sole shareholder, has an adjusted basis of $80,000 in his stock. McLin pays Tobias a $90,000 cash distribution from AEP.
Tobias recognizes $____________ of __________
with _____________deduction pass-through and has a $___________stock basis. AEP is $__________

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